Nomura initiated coverage on India's non-life insurance sector with Buy ratings on Niva Bupa and Star Health, while assigning Neutral ratings to ICICI Lombard and PB Fintech amid regulatory uncertainty.
Nomura initiated coverage on India's non-life insurance sector. They issued 'Buy' ratings for Niva Bupa and Star Health, indicating positive outlooks for these companies. Conversely, ICICI Lombard and PB Fintech received 'Neutral' ratings due to ongoing regulatory uncertainties,…
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