India's insurance sector: Growth to slow down; dragged by muted auto sales and weak corporate health renewal

The insurance sector is experiencing a slowdown. Nuvama's report cites weak motor sales and fewer corporate policy renewals. Motor insurance growth has decelerated. However, third-party insurance premiums have increased. Public sector insurers are gaining market share. Fire insurance shows notable growth. Overall GDPI growth remains sluggish, but excluding crop insurance, it rises.

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