No motor TP price hike for 4 years
Absence of motor third-party premium increases for four years continues to pressure loss ratios; regulatory relief uncertain.
CHOLAHLDNG / Q3-FY26 / risks
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Cholamandalam Financial Holdings · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
high
Motor OD loss ratio elevated due to competitive intensity
Industry-wide competitive intensity in motor OD is driving loss ratios higher; corrective actions may take time to show results.
Reinsurance inward business drag on profitability
Reinsurance inward arrangements have been a drag on profitability; management will be more selective but impact may persist.
Crop business loss not fully recoverable
Loss of crop business (467 crores in 9M) may not be fully offset even if new tender is won, given competitive bidding.