 "insurance")
Based on the latest data, market conditions are improving for general insurance. Gross written premia (GWPs) in August were up 24 per cent year-on-year (YoY) for the entire insurance industry. This came on the back of strong numbers for July when overall GWP growth was 20 per cent. Although the motor (12 per cent growth YoY), health (up 30 per cent YoY), and agriculture sectors were the biggest contributors to growth, every category saw strong numbers. The general insurance sector has done well.
However, clarity is needed on the suggested court order for mandatory bumper-to-bumper insurance for new vehicles.
However, clarity is needed on the suggested court order for mandatory bumper-to-bumper insurance for new vehicles.
