Non-life insurers see 13.14% rise in gross premium underwritten in Apr-Dec

The total gross premiums underwritten by the private insurers are to the tune of Rs 59, 513.59 crore in April-December 2018 against Rs 47,382.33 crore in the same period in 2017

Non-life insurers have reported a 13.14 per cent rise in gross direct premiums underwritten for the April-December 2018 period over the same period last year, according to data released by the insurance regulator – Insurance Regulatory and Development Authority of India.

In absolute terms, the total premiums underwritten by the non-life insurers (which includes state owned  general insurers, private general insurers, specalised PSU insurers and standalone health insurers) stood at Rs 1.23 trillion in the April-December 2018 period as against Rs 1.08 trillion in April-December 2017 period.

While the private non-life insurers have reported 25.6 per cent growth in gross premium underwritten