While public sector insurance companies were slower to adjust to an online mode of growth, the reliance on physical meetings were higher which resulted in a two per cent y-o-y decline in business (Rs 71,800 crore in FY2021), the credit rating agency said in the report.source https://economictimes.indiatimes.com/industry/banking/finance/insure/general-insurance-sector-may-see-7-9-growth-in-gdpi-in-fy22-report/articleshow/83338937.cms
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