General Insurance – Q1 Loss Ratios, Solvency Impacted By Covid-19: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

The heightened loss ratios and in turn lower solvency for India’s health insurers in Q4 FY21/Q1 FY22 are expected to normalise gradually with reduction in Covid-19 cases and increased vaccinations (assuming there are no recurring Covid-19 waves).

We present the quarterly trends in the health insurance segment below, inclusive of Q1 FY22.

Total Covid-19 claims received by insurance companies in FY22-to-date were 1.3 million, of which 1.04 million have been settled.

In terms of value, insurance companies have received total claims worth Rs 146.6 billion in FY22-to-date versus Rs 146.8 billion in FY21.

Out of these claims received, Rs 99 billion has been settled in FY22 till now versus Rs 79 billion in FY21.

Click on the attachment to read the full report:

ICICI Securities General Insurance Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Most Related Links :
honestcolumnist Governmental News Finance News

Source link

Back to top button