ICICI Lombard General Insurance Company Limited CC-Mar25.pdf · 2025-04-15
Yes. Hi. Good evening. Thanks for the opportunity. Just a couple of questions. The first one is on Motor TP. If I see again around ₹ 915 crores of reserve releases you had this fiscal and you have still you have not touched your FY2023 onwards, if I see. Now the backdrop is that the price hike is not happening. Do you see, the support from reserve releases to continue to provide the support in terms of your Motor TP claims ratio to catch up with the claims in place? Also on that front, also another question related is that, okay, industry has seen despite this EoM coming, the overall non claims expense going up. Now do you see that scope next year if the claims were to be under pressure, OPEX side, because now the March 2026 deadline for reaching EoM limits some sanity prevailing among some extreme or aggressive peers, would that lead to your OPEX further improving from here? Because at the end of the day, that's a market-related phenomenon. You cannot outprice yourself in the market. So if the peers were to improve, will that also be helpful? The second one on the April 1 renewal, if I read correctly, India, even in Asia, the reinsurance capacities and pricing both have been favorable. So in that backdrop, does that help in terms of your profitability in these reinsurance heavy line item like Commercial lines?
Thank you. Very clear. Thanks.