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India's non-life insurance sector up 7% YoY in January
General insurers, the largest share, also surged during the month.
India’s non-life insurance sector grew 6.58% year-on-year (YoY) in January, with specialised insurers surging 26.3% YoY, data from the General Insurance Council showed.
Standalone health insurers saw their premiums climb 11% YoY, whilst general insurers increased by 5.1% YoY.
On a year-to-date (YTD) basis, the industry jumped 7.7% YoY. Stand alone health insurers’ premiums, likewise, leapt 17.8% YoY.
Specialised insurers saw their premiums hike 2.5% whilst general insurers climbed 6.7% YoY.
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