Outlook on health insurance sector: Star Health, ICICI Lombard top bets
Among key players, ICICIGI grew 22% YoY in July ’23 (higher than the industry growth), whereas Star Health reported a GWP growth of 17% YoY. Bajaj Allianz clocked a GWP growth of 51% YoY (aided by exponential growth in government health business), whereas New India reported a YoY growth of 9%.
