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Profitability of general insurance sector to improve in FY2023: ICRA

by AIP Online Bureau | Apr 27, 2022 | Indian News, Non-Life

The combined ratio across the industry deteriorated to 119% in 9M FY2022 from 112% in 9M FY2021 with increase in health claims Covid claims accounted for 6% of the total number of health claims paid in FY2021 and are expected to form around 11-12% of the total number...

General Insurance industry’s prms rise 11 % to Rs 2.20 trillion in FY 2021-22, Health topples Motor as the largest portfolio

by AIP Online Bureau | Apr 11, 2022 | Indian News, Non-Life, Reinsurance

Thanks to Covid-19 Pandemic and stagnant motor third party premium for the last two years, for the first time in the history of Indian general insurance industry, in FY 2021-22, Health portfolio has replaced Motor business as the largest segment in the industry Though...
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