ICICI Securities: ICICI Lombard Q2 Review - Strong Franchise Should Benefit From Cycle Recovery 
More investments expected to flow in the Indian insurance sector as IRDAI approves guidelines for PE Funds to become promoters. (Photographer: Akio Kon/Bloomberg)

ICICI Securities: ICICI Lombard Q2 Review - Strong Franchise Should Benefit From Cycle Recovery 

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

ICICI Lombard General Insurance Company Ltd. expects approximately 30% earnings compound annual growth rate in FY20-22E as multiple elements point towards a positive business cycle for general insurance in the near term. ICICI Lombard will be a key beneficiary.

The combination of low growth in motor premiums, higher Covid-19 claims, no hike in motor third party rates point to a business trough in H1 FY21.

Click on the attachment to read the full report:

ICICI Securities - ICICI Lombard Q2FY21 Results Update.pdf

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