Nonlife sector’s premiums increase over 16%

Data from the General Insurance Council of India showed that nonlife insurers’ collective gross direct premiums increased 16% year-on-year to 1.87 trillion Indian rupees ($22.7 billion) in the nine months ended December 2022, The Financial Express reported. New India Assurance Co. Ltd. saw a 2.41% year-on-year increase in premiums.