Motor TP premium revision delay
Absence of motor third-party premium increase for 4-5 years, combined with rising minimum wages and medical inflation, could further increase claims severity.
CHOLAMANDALAMFINANCIALHO / bear-case history
Track the concerns that keep returning.
Cholamandalam Financial Holdings · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
high
Motor OD claims ratio pressure
Motor OD claims ratio rose ~10% for Chola MS vs 5-7% industry, reflecting competitive intensity and pricing inadequacy.
IND-AS transition impact on combined ratio
Transition to IND-AS from April 2027 will cause a significant drop in combined ratio in the adoption year, though it levels out over time.
EUM regulation change could reduce float income
Potential reduction in expense of management (EUM) limits may lower intermediation costs but also reduce premium and float income, impacting ROE.