ICICI Lombard, New India Assurance lose market share in October
In short
In October, general insurance premium growth was uneven. ICICI Lombard, New India Assurance and Go Digit General Insurance lagged the industry average or saw declines.
That matters because it shows these insurers were not keeping up with the wider market in that month.
What the reporting says
ICICI Lombard, New India Assurance and Go Digit General Insurance trailed industry averages or saw declines in October, according to the report. General insurance premium growth was uneven during the month, with some insurers underperforming the broader market. The data points to weaker momentum for the named companies against the industry trend.
Why it matters
October general insurance data showed uneven premium growth, with ICICI Lombard, New India Assurance and Go Digit General Insurance trailing industry averages or recording declines. The report suggests weaker market share momentum for the named insurers versus the broader industry.