ICICI Lombard General Insurance Co. Ltd. reported a double-digit month-on-month (MoM) decline in premium collections for August, according to provisional industry data.
The fall highlights a sharp sequential slowdown, in line with broader volatility across the general insurance sector where multiple players, including New India Assurance and Star Health, also reported August declines.
Further details on the exact percentage fall, year-on-year (YoY) trend, and segmental contribution are awaited.
This is a developing story and will be updated as more disclosures emerge.
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ICICI Lombard