ICRA expects the general insurance industry’s gross direct premium income (GDPI) to grow by 10-12% in FY2023, led by higher growth in the health and commercial business segments with increasing awareness of medical insurance and uptick in economic activity.
Already the resumption of economic activity after the waning of Covid-19 infections, has led to the industry’s gross direct premium income (GDPI) growth recovering by an estimated 11% in FY2022 (compared to a 4% growth in FY2021).
