Non-life insurance companies' premiums decline 6.5% in September

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Additionally, state-owned multi-line insurers continued to lose market share, dropping 126 basis points YoY to 30.8 per cent, to private multi line insurers (+96bp YoY to 54.5 per cent) and SAHIs (+169bp YoY to 11.8 per cent).

New India Assurance) and select private players, impact of auto sales slowdown on motor insurance, and weak performance of insurers in the crop insurance segment,” said Saurabh Bhalerao, Head of BFSI Research at CareEdge Ratings.

General insurers collected Rs 22,985.40 crore in premiums in September, marking a 3 per cent decline.

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Category: BusinessFinance

Markets: India

Topics: Non life insurance companies Non-life insurance Non-life insurers Non-life insurance premium

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-08 @ 18:36:20 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 468 words

Reading Time: 3 minutes read

Sentences: 17 lines

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Copyright Owner: © Business Standard

News ID: 22954437

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