Am best: AM Best has maintained its outlook on India's non-life insurance segment at stable, citing supportive macroeconomics, as well as insurance demand buttressed by regulatory initiatives and reforms.

According to BERNAMA News Agency, India's non-life segment recorded mid-single-digit premium growth for the fiscal year ending 31 March 2025 (FY2025), as noted in the Best's Market Segment Report, 'Market Segment Outlook: India Non-Life Insurance.' Growth moderated relative to the prior year due to pricing pressure in the fire segment and slower business expansion in motor insurance. FY2025 also saw changes in accounting for long-term policies, which further dampened reported growth. Despite these challenges, momentum is expected to improve over the near term as insurance demand strengthens and regulatory financial inclusion initiatives gain traction.