BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Gross domestic premium income growth has been robust in FY23-to-date on the back of strong growth in motor GDPI and continued momentum in health GDPI (group as well as retail).
The notable factor is the strong rebound in retail health premium over April-July when monthly industry retail health GDPI moved from Rs 21.5 billion in April 2022 to Rs 23.8 billion in May 2022 to Rs 26.3 billion in June 2022 to Rs 29.65 billion in July 2022.
Star Health and Insurance Allied Company Ltd. has been able to gain retail health market share in FY23-to-date. GDPI for non-life insurers grew 21%/16% YoY in FY23-to-date/July-2022.
Private insurers (excluding standalone health insurance) reported strong growth of 28%/16% in FY23-to-date/July-22 versus public sector undertaking insurers who reported a growth of 11%/15% during the same period.
Standalone health insurers reported 27%/24% YoY growth in FY23-to-date/July-22. ICICI Lombard General Insurance Company Ltd.’s GDPI growth of 29% in July-22 has been strong compared to private multiline players, while on year-to-date basis it has largely been in line at 28.4%.
Click on the attachment to read the full report:
This report is authored by an external party. BQ Prime 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 BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.