Premium valuation will not only sustain but the stock price will move up with improving return ratios
ICICI Lombard is readjusting its motor vehicle portfolio away from the private car segment, given the pricing competition. Instead, it is focusing on the CV segment
The notification proposes the third party premium rates for a broad categories of vehicles. The new rates, once finalised, will come into effect for the financial year 2022-23.
ICICI Lombard’s premium valuation will sustain, given its market leading share in a secular growth sector, fairly diversified product mix, multi-channel distribution network, solid technological prowess, strong solvency profile, and healthy profitability
While the COVID claims went down, the non-Covid health claim frequency in Q2 FY22 saw a sharp increase compared with Q2 FY21
The Madras high court said bumper-to-bumper insurance will be mandatory for all vehicles sold after September 1 and so must the cover for all occupants in a vehicle.
ICICI Lombard saw a significant spike in COVID-19 claims intimated, from just around 1,300 cases in Q1FY21 to around 46,000 in Q1FY22
While the overall premium growth in FY22 is expected to be higher, the merger with Bharti AXA will put pressure on ICICI Lombard's FY22 financials
The acquisition helps ICICI Lombard grow faster in current times when organic growth has slowed due to the pandemic
Moneycontrol's Shraddha Sharma talks to M Saraswathy to understand the proposed rules and the timeline of its implementation.
ICICI Lombard, with a 8.9 percent market share in the general insurance segment, trades as a proxy for the sector, commanding a higher valuation
General insurance companies can see higher premium growth due to long term third party motor insurance policies but profitability still uncertain
Smart motor insurance policies offer comprehensive cover for the motor vehicle owner in addition to the statutory third party liability.