General insurance premiums rise 10% in March, ICICI Lombard leads in collection figures

General insurance premiums rise 10% in March, ICICI Lombard leads in collection figures

The general insurance industry witnessed a 10% rise in premium in March and a 13% growth in financial year 2024 (FY24). The key players in the industry showcased diverse performance metrics during this period.ICICI Lombard reported an 18% increase in premiums for March and a 22% surge in the fourth quarter of FY24. The company sustained its momentum with an 18% growth for the full financial year, nearly double the industry average.Further, ICICI Lombard witnessed a market share addition of…
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Source: https://www.cnbctv18.com/finance/general-insurance-data-march-premium-rise-10-fy24-13-icici-lombard-star-health-new-india-assurance-19394227.htm/amp