New Delhi, June 2 -- The Indian general insurance industry is expected to witness strong growth in the coming years, according to a recent report by Investment Information and Credit Rating Agency (ICRA).

ICRA projects the industry's gross direct premium income (GDPI) to grow by 8.7 per cent in FY2026 and 10.9 per cent in FY2027. This growth is attributed to the improvement in economic activity and increased pricing discipline.

Similarly, the agency forecasts the general insurance industry's GDPI to increase from an estimated Rs. 2.97 trillion in FY2025 to between Rs. 3.21-3.24 trillion in FY2026, and further to Rs. 3.53-3.61 trillion in FY2027.

"GDPI growth is expected to improve in FY2026 supported by pricing discipline in commercial...