ICICI Lombard Q3 Review - Health Segment Faces Short-Term Challenges, Says ICICI Securities
An insurance guide assists resident to sign up for a health insurance plan. (Photographer Andrew Harrer/Bloomberg)

ICICI Lombard Q3 Review - Health Segment Faces Short-Term Challenges, Says ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Health segment of ICICI Lombard General Insurance Company Ltd. will have to reorient its product and channel mix as the principal bancassurance partner (ICICI Bank Ltd.) is focusing less on the sale of credit-linked attachment products.

This can pose a near-term challenge in the growth of health segment (ICICI General Insurance Company health segment witnessed a decline of 3.9%YoY in nine-month FY21 versus industry growth of 13.7% YoY).

However, with a focus on retail sales, new partnerships, new products and favourable base, we expect the company to recover health segment growth in FY22E/FY23E.

Click on the attachment to read the full report:

ICICI Securities ICICI Lombard Q3FY21 Result Update.pdf

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