Insurance companies in India are expected to experience strong premium growth in the second quarter of 2023, following a slow first quarter. This growth can be attributed to the sale of unit-linked insurance plans driven by a strong equity market. While Max Life Insurance and HDFC Life are expected to see robust new business growth, state-owned Life Insurance Corporation of India may face a decline in annualised premium equivalent (APE) due to a contraction in its group business. Premium growth in private general insurance companies is also projected to be strong, primarily driven by the retail health and crop insurance segments.
from Banking/Finance-Industry-Economic Times https://ift.tt/f4bJEk2
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