The gross direct premium income (GDPI) grew 14.9 per cent year-on-year (Y-o-Y) overall in May-24, largely driven by the health segment (up 17.3 per cent YoY) while motor growth did well even as it decelerated to 12.6 per cent growth.
The retail health GDPI grew at 19.1 per cent YoY while group health growth dipped to 11.2 per cent. The crop insurance (which is tender-driven) and government health segments grew by 38 per cent and 440 per cent Y-o-Y.
In May 2024, the Fire segment reported muted Y-0-Y growth of 4.2% Y-0-Y.
The implementation of IndAS 117 and its assumptions on liability and other insurance-related changes in regulations could be a future cause of concern. Standalone Health insurers and private multi-line (different risk exposures in a single agreement) players gained market share versus PSUs.
Bu hikaye Business Standard dergisinin June 20, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin June 20, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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