Motor insurance premiums show slight growth in October, while health insurance sees an increase
Motor insurance industry experiences steady growth in October 2023 with increased competition. New-age insurers such as Digit and Acko see significant growth of 35-38% in motor insurance premiums. Standalone health insurers also show rapid growth, outpacing private general insurers. Overall, the non-life insurance industry grew at a modest pace of 10% year-on-year. Despite the festive…