New Delhi [India], July 17 (ANI): The insurance industry in India is witnessing a slowdown, mainly due to the moderation in auto sales and a drop in corporate policy renewals, according to a recent research report by Nuvama.
The report stated that the industry growth is expected to remain weak, largely driven by a slowdown in motor sales and lower corporate policy renewals. However, the impact of muted auto sales may be partially balanced by the recent hike in third-party (TP) premiums.
The report also noted that large incumbent insurers…
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