Mohammed ali londe - Latest News Update, Information, Photos & Videos on Mohammed ali londe at Lokmat Times

New Delhi, Jan 20 Indian insurance companies are likely to withstand the economic downturn exacerbated by the coronavirus pandemic, with general insurance premium growth in positive territory, Moody's Investors Service report has said.The report said that general insurance premium growth has been in the positive territory due to the persistent strong sales of health and protection cover.It noted that resilient sales of health and protection policies reflected the rising consumer awareness about these products during the pandemic, as well as regulator's actions in enabling the insurers to offer protection against the virus.The Indian insurers have also rapidly developed their digital offerings during the pandemic, the report added.Mohammed Ali Londe, Moody's Vice President and Senior Analyst, said: "Although the economic slowdown had had an adverse impact on the Indian insurers, with general insurance growth slowing to 2.5 per cent and life insurers' new business premiums falling by 1.7 per cent in the nine months till December 2020, we expect general insurance premium growth to remain in the positive territory due to persistently strong demand for health and protection coverage."Over the longer term, the industry may benefit as the central government injects capital into publicly owned insurers, and as private insurers reinforce their solvency through a combination of raising of capital and M&A, the report said.Moody's has said that India's real GDP may contract by 10.6 per cent in FY21."We expect general insurance premium growth to remain in positive territory. Persistently strong demand for health and protection coverage will support general and life insurance premiums," it said.Health premiums rose 13.7 per cent in the fiscal's nine months up to December 2020, supporting general insurance premium growth.( With inputs from IANS )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Salman Khan

Mohammed Ali LondeFOLLOW

Mohammed ali londe, Latest News

National :Telangana woman jumps into dam with three children

Hyderabad, June 30 A woman killed herself along with her three children by jumping into Mid Manair dam ... ...

International :Moody's upbeat on premium growth of Indian insurers

Chennai, Jan 19 Indian insurers are expected to see a jump in their premium income during the post-pandemic ... ...

Business :Indian insurers to withstand pandemic-led downturn: Moody's

New Delhi, Jan 20 Indian insurance companies are likely to withstand the economic downturn exacerbated by the coronavirus ... ...