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General insurance industry expected to clock 13% growth in gross premium, profitability to improve in FY26, says Ind-Ra

  • The general insurance industry is expected to witness a 13% growth in gross premium in FY26.
  • Health and crop insurance segments will be the key drivers of this growth.
  • Lower reinsurance rates and increased premiums for health insurance will improve profitability in the current financial year.
  • Public sector units (PSUs) may lag behind due to capital constraints and operational efficiency, while multiline insurers have better risk diversification.

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