💨 Abstract

ICICI Lombard General Insurance reported a 68% year-on-year increase in Q3 profit, surpassing estimates. The growth was driven by higher premiums in health and motor insurance segments. The Indian insurance sector has seen growth due to improved awareness and rising medical costs. ICICI's retail and corporate health insurance premiums grew by 25% and 12%, respectively, while motor insurance premiums increased by 17%.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖