The non-life industry continues its FY22 journey on a positive note. The Q1FY22 growth continues to be driven by the private sector which grew at a much faster pace.
The Q1FY22 fire segment grew by a subdued 4.2% as compared to 33.7% growth witnessed in Q1FY21.
Movement in premium in marine segment increased by 27% in Q1 FY22 on y-o-y basis.
Motor insurance segment eked out a small increase compared to a double digit drop in Q1FY21. The increase can be attributed to higher registrations witnessed in June 2021.
The health segment grew by 30.9% in Q1FY22 which is significantly higher than the growth of 7.4% witnessed in Q1FY21, given that Q1FY21 was under a nationwide lockdown.
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