Saturday, July 26, 2025
  • PRESS RELEASE
  • ADVERTISE
  • CONTACT
Happy With Car
No Result
View All Result
  • HOME
  • AUTO NEWS
  • AUTOMATIIVE REVIEWS
  • NEW CARS
  • CAR MARKET
  • CAR BRANDS
  • TECHNOLOGY
  • INSURANCE
  • FINANCE
  • VIDEOS
Happy With Car
No Result
View All Result
Motor insurance premiums revive on festive auto sales jump, Auto News, ET Auto

Motor insurance premiums revive on festive auto sales jump, Auto News, ET Auto

by admin
December 25, 2020
in Market
0 0
0
Share on FacebookShare on Twitter


New Delhi:

Representative Image
Consultant Picture

The decide up in auto gross sales in the course of the festive season has revved up the enterprise of insurers with motor premiums rising 3 per cent yoy in October 2020.

Motor premiums have been down for many half of the present fiscal and it fell 4 pet cent yoy in 2QFY21.

There was a flurry of exercise in vehicle gross sales in October with 4 wheeler gross sales rising by 20 per cent and two wheeler by 15 per cent yoy.

Sturdy festive demand and a gradual rise in freight volumes and utilization charges supported premiums, Kotak Institutional Equities stated in a report.

As per the report, motor personal harm (OD) premiums was up 2 per cent yoy whereas motor TP (third celebration) was up 4 per cent yoy (decline of 5-8% yoy over the previous three months).

Motor premiums have step by step improved from trough ranges noticed in April and Might and can possible enhance additional, the brokerage stated.

Within the rise of the motor insurance coverage enterprise, new age gamers have emerged stronger whereas SBI, Tata and ICICI have carried out higher than the pack. Amongst key gamers, new age gamers like Acko and Go Digit witnessed robust progress within the motor enterprise in the course of the month, up 40 per cent yoy and 24 per cent yoy respectively put up reporting weak total progress in September 2020.

SBI reported a stellar 48 per cent yoy progress in motor led by 94 per cent yoy soar in TP; the corporate reported better-than-industry progress for the sixth consecutive month.

ICICI Lombard was up 12 per cent yoy; tie-ups with new OEMs and diversification of channels driver progress in motor. Tata AIG was up 28 per cent yoy; continued enchancment over the previous few months.





Source link

Tags: AutofestiveinsurancejumpMotorNewspremiumsrevivesales

Related Posts

Trump Just Struck a ‘Massive’ Trade Deal With Japan. Here’s Why Detroit Is Furious
Market

Trump Just Struck a ‘Massive’ Trade Deal With Japan. Here’s Why Detroit Is Furious

July 24, 2025
GM Took a .1 Billion Hit in Profits Thanks to Tariffs
Market

GM Took a $1.1 Billion Hit in Profits Thanks to Tariffs

July 22, 2025
Tariffs Are Already Killing New Cars Under ,000: Study
Market

Tariffs Are Already Killing New Cars Under $30,000: Study

July 19, 2025
Mercedes EQ Models Just Got Way Cheaper
Market

Mercedes EQ Models Just Got Way Cheaper

July 18, 2025
2026 Hyundai Palisade Price
Market

2026 Hyundai Palisade Price

July 15, 2025
Porsche Hikes Prices Again Due to ‘Market Conditions’
Market

Porsche Hikes Prices Again Due to ‘Market Conditions’

July 16, 2025
Load More
Next Post
2020 Mitsubishi Triton GLX-R 4WD Double Cab Pickup (car review) •

2020 Mitsubishi Triton GLX-R 4WD Double Cab Pickup (car review) •

Lamborghini x Master & Dynamic Collection

Lamborghini x Master & Dynamic Collection

Categories

  • Auto News (3,423)
  • Automative Reviews (1,940)
  • Car Brands (2,066)
  • Insurance (3,447)
  • Market (1,609)
  • New Cars (2,167)
  • Technology (2,042)
  • Videos (2,143)
Happy With Car

Find the latest automotive news. Read car news from the auto industry including auto shows, latest vehicles, future cars and more.

Categories

  • Auto News
  • Automative Reviews
  • Car Brands
  • Insurance
  • Market
  • New Cars
  • Technology
  • Videos

Recent News

  • Tesla Set to Launch Robotaxi Service in San Francisco This Weekend, ETAuto
  • Chery new model roll-out firms
  • 2021 VW Crafter review | Edd China’s in-depth review | What Car?
  • Home
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact

Copyright © 2020 Happy With Car

No Result
View All Result
  • HOME
  • AUTO NEWS
  • AUTOMATIIVE REVIEWS
  • NEW CARS
  • CAR MARKET
  • CAR BRANDS
  • TECHNOLOGY
  • INSURANCE
  • FINANCE
  • VIDEOS

Copyright © 2020 Happy With Car

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In