News From Press Non-life insurers post 13% rise in premium in Feb but with dip in revenue

Non-life insurers post 13% rise in premium in Feb but with dip in revenue

Source: BS Mar 12, 2024

Non-life insurers posted a nearly 13 per cent year-on-year (YoY) growth in gross direct premium underwritten in February 2024. But there was a sequential dip in their revenue.

According to the monthly data released by the General Insurance Council (GIC), the gross direct premium underwritten (GDPW) of the non-life insurers in February was Rs 22,387.39 crore, up 12.6 per cent from Rs 19,873.62 crore in the year-ago month. But in January, it was over Rs 27,200 crore.

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