General insurance industry premium income to grow 8.7% in FY2026, 10.9% in FY2027: ICRA

India's general insurance sector anticipates growth to accelerate in FY26, driven by private insurers' strong performance. ICRA projects an 8.7% premium income increase in FY26, reaching ₹3.21-3.24 lakh crore, and further 10.9% growth in FY27. Private insurers are expected to expand their market share, while public sector insurers face challenges due to weak capital positions.