INDIA’S NON-LIFE PREMIUM GROWTH FALLS TO 0.11% IN NOVEMBER

FALLING vehicle sales and a general slowdown in the economy contributed to a meagre year-on-year increase in non-life premium written in India in November. The 16 public and private general insurers in India surveyed wrote a total of Rps22.23bn in November, just 0.11% up on the previous year’s Rps22.20bn. The four public insurers actually saw a year-on-year drop in premium write which was offset by a 1.2% increase experienced by the 12 private insurers as a whole, although there were both increases and reductions from individual companies within these groups.