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This Article is From Nov 23, 2021

Insurance Sector Update - Premium Up ~14% Year-On-Year In October 2021: Motilal Oswal

Insurance Sector Update - Premium Up ~14% Year-On-Year In October 2021: Motilal Oswal
A person signs insurance forms. (Photographer: Akio Kon/Bloomberg)

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.

Motilal Oswal Report

Private players reported GWP of INR 97.4 billion, implying growth of 13.7% year-on-year in October 2021 and 12.5% in FY22 year to date, in line with industry growth.

Among the key players, New India / Star Health reported strong GWP growth of 35.1% / 20.0% year-on-year.

On the other hand, Bajaj Allianz saw muted growth of 4.3% and ILOM (combined with Bharti AXA) reported de-growth of 11.8% year-on-year, led by a sharp fall of 13.8% in the Motor segment.

The overall industry GWP for the month came in at INR 176.8 billion (up 13.7% year-on-year).

Growth was driven by a strong performance of 34.0%/23.3%/22.1% from the Health/Fire/Marine segment, whereas the Motor segment saw muted growth of 2.3%.

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 author entity 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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