Sees a good year ahead for general insurance HDFC Ergo General Insurance remains optimistic about growth prospects for the general insurance sector and believes that improvement has already been evident in the third quarter of the fiscal.
“If one looks at only the third quarter data, then motor premiums have increased, private car registrations, two-wheeler registrations are back. So, next year, all the pent-up demand will come back and we will see a good year for the industry. And ,of course, we will be riding the good economic growth,” said Anurag Rastogi, President, Chief Actuary and Chief Underwriting Officer, HDFC Ergo General Insurance.
Non-life insurers direct premium rises by 6.7% in January
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Last Updated: Feb 14, 2021, 12:34 PM IST
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25 general insurance companies witnessed 10.8 per cent increase in their collective premium in the first month of 2021 at Rs 16,247.24 crore as against Rs 14,663.40 crore in January 2020, according to Irdai data.
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The premium of two specialised PSU insurers grew by 8.77 per cent to Rs 10,562.36 crore in January.
New Delhi: Non-life insurance companies registered a 6.7 per cent increase in their gross direct premium collection in January at Rs 18,488.06 crore, according to the Irdai data. All non-life insurance companies had underwritten direct premium of Rs 17,333.70 crore in the same month last year.
Read more about Non-life insurers direct premium rises by 6.7% in Jan at Rs 18,488.06 cr on Business Standard. The cumulative premium till January 2021 rose by 1.91 per cent to Rs 1,40,999.04 crore; stand-alone health insurers witnessed 8.04 per cent increase at Rs 12,108.73 cr
Non-life insurers direct premium rises by 6.7 per cent in Jan
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New Delhi |
Updated on
February 14, 2021
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25 general insurance companies witnessed 10.8 per cent increase in their collective premium in January 2021 Non-life insurance companies registered a 6.7 per cent increase in their gross direct premium collection in January at Rs 18,488.06 crore, according to the IRDAI data. All non-life insurance companies had underwritten direct premium of Rs 17,333.70 crore in the same month last year. Among these, 25 general insurance companies witnessed 10.8 per cent increase in their collective premium in the first month of 2021 at Rs 16,247.24 crore as against Rs 14,663.40 crore in January 2020, according to Insurance Regulatory and Development Authority of India (Irdai) data.