Non-Life Insurance Sustains Double-Digit Growth In May With Health As Key Driver: CareEdge

The overall market share of private non-life insurance companies has witnessed a sustained increase to 66% for YTD FY25 from 63% in FY24 and 61% in FY23

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CareEdge Research Report

In May 2024, the non-life insurance industry reported a premium of Rs 20,907.5 crore growing at 14.9% compared to the 18.1% growth reported in May 2023.

The industry’s growth has continued to be underpinned primarily by the health and motor insurance segments. Meanwhile, the fire segment reported a subdued YoY growth of 4.2%.

Click on the attachment to read the full report:

CareEdge Non-Life_Insurance_Update_for_May_2024.pdf
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