India's general insurance industry to see modest growth in FY27 amid pricing pressures: Report
India’s general insurance industry is projected to see modest growth in FY27, driven by strong retail health insurance demand and easing pricing pressures in the fire segment. The sector recorded approximately 7% year-on-year growth in Gross Direct Premium Income during Q2 FY27, with retail health insurance growing by 32%. The industry faces challenges from intense competition and pricing pressures, particularly in motor insurance.