Life insurers' retail protection biz down YoY, seen stabilising going ahead

Max Life bucks trend with 11% YoY growth in retail protection APE in Q2

Most listed life insurers that reported their July-September (Q2FY23) quarterly earnings last week, saw their retail protection business decline on a year-on-year (YoY) basis, with the exception of Max Life Insurance, as was the case in Q1. However, some momentum was witnessed on a sequential basis, and according to industry insiders, the segment will see growth going ahead as the supply side constraints ease.

Persisting supply-side constraints due to the Covid pandemic and the rate hikes taken by reinsurers over the past two years have impacted the growth of the retail protection business of life insurance firms. However, group protection