ICICI Lombard General Insurance Company Limited CC-Sep23.pdf · 2023-09-30
Just to add to a point that Gopal made is that the way we look at business is on a combined basis, not just loss ratio. And overall, you should study our numbers from a combined perspective. There are certain businesses which have higher expenses but lower loss ratio and vice versa. So, as a team, we look at overall combined as our objective.
Nidhesh, just to add to what Sanjeev said, strategically and philosophically, while we are investing, there will be times when OEM will again come back up. If new vehicl e sales increase, as we said in the opening remarks, the share of new vehicle sales has been very positive for us and those are profitable pools. When we see those opportunities, we want to garner them.