Bajajfinsv · Analyst questions, management answers, and the quality of the response where the ledger is available.
ConCallIQ research layer
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Questions audited
11
Answered directly
64%
Numeric claims
4
Consistency
contradicted
Question ledger
Prakash Kapadia · Anived Portfolio Managers Private Limited
partialIn BAGIC... we have been investing quite a lot in expanding our distribution outside of even the OEMs... I think that has started falling in place... On the two-wheeler... growth on two-wheeler has been upwards of 50%... On EoM... it's too early to say that... On unwind rate... it has been between 8% to 8.5%, and I think it'll be hovering around there only.
Supratim Datta · Ambit Capital
directLast year... there were some large claims which were reported in quarter 1... Fortunately, that's not the case in this quarter... we've seen only a return from net of INR 10 crore... This quarter has been better compared to last year, where we had some bulky claims reported in quarter one.
Supratim Datta · Ambit Capital
evasiveAs of now, nothing material has been reported... on the motor side, there are many claims which have got reported... Maybe a quarter 2 call is when we will really be able to give the right picture.
Supratim Datta · Ambit Capital
directOn our Non-PAR book... is being effectively hedged through FRA, path-dependent option... comfort is about a 90%-95% for the book is hedged... As far as your question on the margin... that could number be around 1.5% or so compared to previous year... margin has dropped around 3.5%, maybe give and take 2% is because of the product mixing, 1%, 1.5% because of the yield curve change.
Speaker 12 · Investec
directIt's just because of the time lag of two, three weeks or a month, is what is reflecting in the Non-PAR side... ULIP going up as well as PAR going down, has a double impact in terms of the margin... we have already corrected it... we have dropped the IRR of our key products... our product mix is already back to what we were last year.
Speaker 12 · Investec
partialFrom a risk selection perspective, nothing has really changed at all. It's only about getting deeper into the markets... It's the result of the expansion and the penetration which we focused on... we've done some amount of expansion on manpower, on geographies... and added many more agents.
Speaker 12 · Investec
directThe disbursement number... in the Q1 was INR 1,447 crore, and we sold 74,000 cards... The advance premium side... from June 30 is about INR 1,678 crores, which is moved up by almost 44% from INR 1,168 crores on June 30th last year.
Sanketh Godha · Avendus Spark
partialOn the reinsurer... we have a base treaty, we have a catastrophic treaty... we have proportional treaties for majority of the lines... we do have several sub-treaties specifically for certain products... That is how the retentions can vary across years... some parts of motor... have been under stress. That's one of the strategies we are trying to manage by managing our retentions.
Sanketh Godha · Avendus Spark
partialWe are seeing a lot of stress on the crop business... The level of activity has indeed gone up significantly, and it has a bearing on the pricing... from our perspective, I think while this year may pass with similar level of numbers... but year on, I think it is going to be a circular situation... there is likely to be stress, even on our numbers, from a traffic perspective.
Sanketh Godha · Avendus Spark
partialI would not worry about growth... we'll be easily growing more than double of the private sector... The intent this quarter really was to widen our product offerings... we launched, like, 4 offerings... Axis has grown by about 8%. Our contribution to our business is down from 25 to 23... our base is getting higher, so don't expect the growth like last year...
Swarnabha Mukherjee · B&K Securities
partialThe loss ratios have actually made that in few accounts from the GMC side... we've seen some hardening of rates happening there... Retail... loss ratios have not changed too much, but they are on the higher side... we have seen demands have increased significantly in quarter 1... we are hopeful that some amount of fraud... should start coming down.
Swarnabha Mukherjee · B&K Securities
directI won't share too much of data, Nishant, but the ratio would be 2 is to 1 to dealing with DMS. That would be the number.
