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  • News From Press General Insurance industry to see cautious growth in FY22: Icra

    General Insurance industry to see cautious growth in FY22: Icra

    The PSU entities were slower to adjust to an online mode of growth, which resulted in a 2% YoY decline while the private sector reported an 8% YoY increase in GDPI during the same period
    Mint Jun 9, 2021

    India's General Insurance (GI) industry saw its growth slow down to 4% to Rs1.85 trillion in financial year 2020-21 (FY21) from Rs1.78 trillion in FY20, largely the result of the coronavirus pandemic which had led to a stringent nationwide lockdown last year, credit rating agency Icra said. In FY19, the industry had grown 14%.

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