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Expect general insurance industry to grow between 15-20%, says ICICI Lombard

Updated : April 26, 2018 01:12:30 IST

ICICI Lombard reported a muted Q4. It was the second consecutive quarter of decline in gross premium growth on quarter-on-quarter basis.

Bhargav Dasgupta, MD and CEO of the company said he was expecting general insurance industry to grow between 15 and 20 percent.

“In terms of segments that we continue to focus on largely are the retail lines of business and corporate lines of business,” he said.

He added that the company was cautious on mass health, crop insurance business due to high-loss ratio.
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