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This Article is From Oct 23, 2020

ICICI Securities: General Insurance Sector Check - Segmental Loss Ratios Can Surprise In First Half

ICICI Securities: General Insurance Sector Check - Segmental Loss Ratios Can Surprise In First Half
An applicant fills out an application 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, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

In H1 FY21, industry's overall/ex-crop gross direct premium income grew 1.4/3% YoY.Fire and health remain growth drivers as motor GDPI declined sharply.

In H1 FY21, fire/health grew 34%/15.8% YoY, respectively, while motor GDPI declined 13% YoY.

Rising Covid-19 claims continue to remain an industry concern. This could lead to rise in health loss ratios going forward.

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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