Aiming for ₹6,000-crore premium in FY26

Universal Sompo General Insurance reported 17% growth in its gross premiums to ₹1,752 crore in the first four months of FY26, outpacing the industry's 6.36% growth, despite a sluggish motor insurance market.

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MD & CEO Sharad Mathur tells Narayanan V about the key segments driving this momentum and the company's strategy for sustaining it. Excerpts:

Which segments are contributing to your premium growth?

Our gross written premium (GWP) has grown by 17% in Q1. Motor insurance share is at a similar level as last year, at 45%. We have seen a strong performance in health insurance, which has grown to 38% in Q1 and it aligns with our strategic intent to expand our health portfolio. Our commercial lines—property, fire, marine, and liability—have shown a significant uptick. These contributed 9% in the previous fiscal year and have now risen to 16% in Q1. We expect health and commercial lines to be our primary growth drivers this year. We are also comfortable in maintaining motor at current levels.

But motor premiums have been muted across the industry.