ICICI Securities: Care Health Insurance - Management Call Takeaways

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.We hosted Mr. Pankaj Gupta, Chief Financial Officer, Care Health Insurance (CARE), to discuss the outlook on Indian health insurance sector.Care Health Insurance is the second largest standalone health insurer (SAHI) in India as of FY20 with a gross direct premium income (GDPI) of Rs 24 billion.Key takeaways -Market share gain of Standalone Health Insurance (SAHI) companies has happened at the expense of public sector undertaking insurers.Market share in overall health has moved from 46% in FY18 to 40% in 5MFY21-to-date for PSU insurers, 20% in FY18 to 25% in 5MFY21-to-date for SAHI companies and has remained steady at 35% for private insurers.While SAHI market share of overall GDPI has increased from 3% in FY12 to 8% in August 2020, its market share within the health segment has averaged 25% in recent times.Among SAHI, Star Health held 51% share while Care Health Insurance, HDFC Ergo and Max Bupa held 15%, 13% and 9% respectively as of August 2020..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

ICICI Securities: Care Health Insurance - Management Call Takeaways

ICICI Securities: Care Health Insurance - Management Call Takeaways

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