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This Article is From Sep 11, 2020

ICICI Securities: General Insurance - Premium Growth Remains Steady

ICICI Securities: General Insurance - Premium Growth Remains Steady
An applicant filling a form. (Photographer SeongJoon Cho/Bloomberg)
STOCKS IN THIS STORY
ICICI Lombard General Insurance Co Ltd
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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

Overall FY21 to-date and August 2020 gross direct premium income grew 3.6% and 10% YoY respectively.

Trend reversal was seen in July 2020 to-date growth, as April 2021 to-date, May 2020 to-date and June 2020 to-date witnessed a decline of 11%,10% and 4% respectively.

ICICI Lombard General insurance Company Ltd. FY21 to-date GDPI growth continues to remain negative (0.4% YoY). August 2020 GDPI growth came in at 12% YoY versus 5% YoY of July 2020.

Bajaj Allianz General Insurance GDPI growth turned negative in August 2020 after posting a robust growth in July 2020 (due to crop segment). August 2020 GDPI declined 9% YoY. FY21 to-date GDPI rose 8% YoY.

Standalone health insurers registered a growth a 26% and 36% YoY in FY21 to-date and August 2020 respectively.

Star health reported a robust growth of 45% in FY21TD.

Click on the attachment to read the full report:

DISCLAIMER

This 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.

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