India’s Non-Life Insurance: 4.41% YoY Growth Recorded in Nov.

The Indian non-life insurance sector has witnessed notable growth patterns in November. Data from the General Insurance Council indicates a year-on-year growth of 4.41%. Specialised insurers have made a significant mark, recording a remarkable three-fold surge.

Among the various segments, standalone health insurers have shown a robust performance with their premiums climbing 10% YoY. In contrast, general insurers had a more modest increase of 1.41% YoY. Looking at the year-to-date scenario, the overall industry has experienced an 8.91% YoY growth. However, specialised insurers’ premiums have dipped 1.78% YoY, presenting a mixed picture.

It is also interesting to note that standalone health insurers have seen their premiums jump 20.76% YTD, while general insurers climbed 7.94% YoY. These figures highlight the diverse growth trajectories within the non-life insurance sector in India and provide valuable insights for industry stakeholders, regulators, and investors alike.

Related topics

• Security Bank & FWD Philippines: Strategic Partnership Extension
• Insurance: A Cushion Against $14T Pandemic Loss
• Asian Life Insurers: Strong Capital Amid Market Changes