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Aug 2019

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India: General insurers post slowest 1Q premium growth

Source: Asia Insurance Review | Aug 2019

General insurance companies saw a 9.91% year-on-year increase in gross written premium in the April-June quarter (1QFY2020) to INR310.6bn ($6bn).
 
Data from IRDAI show that standalone health insurance companies had a higher rate of growth of 41.57% for the quarter compared to the corresponding quarter in 2018. Premiums surged to INR28bn.
 
In addition, during 1QFY2020, life insurers posted double-digit growth in premiums. First-year premiums jumped by 65% to INR606.4bn. A 
 
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