Non-life insurance premiums saw a 2.82% decrease in February, according to recent data. This downturn is largely a result of shifts in accounting procedures within the industry.
The health and motor segments within the non-life insurance sector experienced a slowdown during this period. However, overall, the sector demonstrated a 6.6% year-on-year growth from April to February. This indicates a resilient performance despite the monthly dip.
Further analysis of the data will likely provide greater clarity on segment-specific growth, and how accounting changes influenced the overall performance. Industry experts are observing these trends closely, assessing any long-term implications.
