Business
General Insurance Up 10.5%. Health Insurers Yodel.
The Take
General insurance premiums climbed 10.5% in October. Health insurers led the charge, and someone literally called it October fest. ICICI Lombard and New India Assurance lost market share while smaller players grabbed their slices. Someone at New India Assurance probably updated their resume. Premiums rise; insurers pour. Your wallet funds the bratwurst.
The Wire
General insurance premiums rose 10.5% in October, with health insurance companies driving the growth, per Business Standard. CNBC TV18 reports that both ICICI Lombard and New India Assurance lost market share during the month. The Times of India described the premium surge as an October fest for health insurance companies, celebrating the numbers.
The receipts
Source: Business Standard