A report by Kotak institutional equities research has shown that general insurance companies in India have reported 18% y-o-y growth in premium (excluding crop) in September, higher than 7-11% y-o-y growth over the past three months. This was driven by the motor TP segment (up 38% from 10-18% in past three months) as an immediate reaction of increase in traffic fines, even as health and fire grew, crop business was higher leading to 26% overall premium growth.