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Motor drags non-life insurance growth in Nov

Motor drags non-life insurance growth in Nov

Tuesday, December 24, 2019, 12:12 PM

Motor insurance continued to pull down the non-life industry growth numbers for November. Premium collection data from the IRDAI showed that the motor business moderated due to weak auto sales. The industry saw a 16 percent year-on-year (YoY) growth in gross written premium collecting Rs.1.26L-crore. Of this, general insurers saw a 14.8 percent premium growth while standalone health insurers saw 33.6 percent growth.
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