News From Press Non-life insurers’ gross written premium grows 13.8% in July

Non-life insurers’ gross written premium grows 13.8% in July

Source: Financial Express Aug 11, 2023

Gross written premium for the non-life insurance sector grew 13.82% year-on-year in July, the slowest pace so far during this financial year, thanks to around 60% year-on-year decline in premium for Agriculture Insurance Company of India.

The sector‘s gross written premium increased to Rs 26,629.35 crore in July, from Rs 23,395.34 crore in the same month last year, according to data released by the General Insurance Council on Monday.

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