Go Digit General Insurance Limited CC-Sep24.pdf · 2024-10-25
Thank you for the opportunity and congrats, guys, on the claims side performance on the health side as well. Slightly broader question, little Go Digit but larger industry issue. We are hearing the show cause notices going out to a lot of players, maybe i n double digits it seems. And correct me if I am wrong, if EOMs are supposed to be brought down and the timelines are like next, the two options that we have, one is of course doing more writing or more retention, and second is doing a bit more on the group or low commission origination whether it was group health or some of the other commercial lines. The problem or probably what I want to hear from you is now probably cannot (Inaudible) going to go off similar lines of business. We are seeing the same pattern like in group health, we have been seeing for the past six months. So, how do you solve this puzzle, Kamesh, because even if we were to wait a bit to get the pricing right, the irrationality might continue because everybody is trying to end before the fin ishing line in six quarters? I don't know if I am putting the question correctly, but just trying to understand how do you think that it will play out eventually.
Yes, and the fact that we have only six quarters, right, to complete the EOM, so there would be a rush or this high competitive intensity for the next six quarters.