At the same time, payments increas at an accelerat rate — by about 28%. One of the drivers of premium growth in this segment was comprehensive insurance (by almost 20%), while oman telegram data accident and health insurance premiums decreas by about 16%.
Not that in non-life insurance
Favorable statistics for the market were form in terms of the frequency and size of major losses and catastrophic events. At the same time, there was a gradual increase in losses in mass types of insurance, primarily in auto insurance. For example, in MTPL, the increase in losses was a consequence of a decrease in the average premium and an increase in the average loss. However, this was partially offset by a decrease in the frequency of insurance events in 2024 compar to 2023, the situation with losses on a sector-wide scale remains manageable, and the result of insurance activities is positive.
Much do high rates affect insurers’ business models
— Of course, with a high level of investment profitability, insurers may be tempt to slightly weaken underwriting what is cibil score? when assessing insurance risks, adjust the tariff policy and increase agb directory commissions to intermiaries in order to expand their business and capture additional market share. Inde, in the non-life segment in 2024, we not a slight increase in losses.
