General insurance premiums: Mixed bag reading in November

Insurance data for November reflects an overall rise in premiums for general insurance players with most verticals reporting a year-on-year rise in premiums. The data has been a mixed set - encouraging on one hand but also disappointing on the other.

As far as the general insurance industry is concerned standalone plus general insurance put together the premium in the month of November is down about 5.50 percent. Whereas standalone health insurance premium it is up 13.4 percent on a year-on-year basis, but at the same time is down 5.50 percent on a month-on-month basis.

For ICICI Lombard, the November premium is up 8.8 percent on a year-on-year basis and this is encouraging in terms of a recovery, but on the month-on-month basis it is down 17 percent.