General Insurers Lift Non-Life Insurers' April Revenues
The industry’s revenue in April increased 24% year-on-year.
Strong growth in general insurance in April helped cushion revenue for non-life insurers in an seasonally slow month. Listed general insurers saw their revenues rise substantially in April, both sequentially and compared to a year ago.
The industry’s gross premium underwritten fell 1% over the previous month to Rs 21,327 crore in April, according to data released by the Insurance Regulatory and Development Authority of India. However, revenue increased 24% year-on-year.
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