Insurance sector sees sharp rebound in June; health, motor to drive growth outlook: Report
New Delhi, July 21 -- India's non-life insurance sector witnessed a sharp recovery in June 2026, led by robust momentum in health and motor insurance, even as commercial segments such as fire insurance remained under pressure, according to a Kotak Institutional Equities report.
The report said overall gross written premium (GWP), excluding crop insurance, rose 18 per cent year-on-year in June, marking a significant improvement over the trends seen in the previous two months. For the first quarter of FY27, industry growth stood at 12 per cent year-on-year.
"The non-life industry recorded strong growth in June 2026, with GWP growth at 18% yoy (ex-crop), primarily driven by health premiums (up 23% yoy) and motor insurance (up 14% yoy), whi...
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