Cholamandalam Financial Holdings · Analyst questions, management answers, and the quality of the response where the ledger is available.
ConCallIQ research layer
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Questions audited
10
Answered directly
45%
Numeric claims
0
Consistency
—
Question ledger
Sankit God · Aventus Park
partialWe were impacted by the loss of crop of about 598 crores... Chola MS will be participating in the crop business... we should be looking at even growing that piece of business... we have been growing in the car side steadily... commercial vehicle book is fairly stable... we also have plans to grow the commercial space.
Sankit God · Aventus Park
partialthe current year in terms of the claims ratio I admit has been bad for us... the OD is where while it has risen... the delta has been about 10... we have already commenced the necessary activities to bring down the loss ratio... over the last 2 to 3 months we have seen about 7 to 8% improvement in price realization... that should help us in bringing the combined ratio back to a controllable level.
Sankit God · Aventus Park
directintrinsically Chola is a company where retention levels are high... our retail retention on a weighted basis would be somewhere at about 78 plus... even when IFRS comes with the DAC coming in on both commission and reinsurance commission side... it'll only benefit the net position.
Panti Chawla · Ask
evasiveI can only broadly give you an overview... as a motor dominant business the provisioning on the MOTP side is fairly large and motor TP will have a discounting element as you move into IFRS that will bring in a significant amount of benefit back into the P&L.
Panti Chawla · Ask
deflectedjust to clarify, we will be transitioning to IFRS from April 27. So we are not migrating to IFRS... it's in FI28, right? Yes.
Panti Chawla · Ask
partialeven for a moment assuming that the regulator doesn't bring in any change... the 30% would be the norm... I don't see any reason why that advantage will get fritted away in the next year or in the coming years.
Krashna Koka · SDS
directThe solvency computation is a function of the premium growth as well as the claims growth... this year the claims growth is higher... it has pulled in more capital bringing the solvency level down from 2.18 to 1.96... with the improvement in the claims ratio it should again move back.
Krashna Koka · SDS
partialwe continue to have that we've been fairly steady in terms of the market share... cars is something that has been going up from 35 39 42 and 49... we will continue to stay focused on cars... the focus will now be on pushing up the renewal rate... we should be launching Chola exe an operating app... that should also give a fillip to our renewal ratios.
Krashna Koka · SDS
partialthe industry has seen the motor combined ratio levels inch up... we are prudent in terms of our reserving... operationally we continue to be efficient... on the motor OD side we have affected a pricing correction whereby we are seeing somewhere about 7 to 8% improved pricing... TP of course is a government decision.
Ritika Dua · Bandan
declinedwe typically don't give guidance from a forward-looking perspective... the intent would be from medium to long-term perspective maintain the 15% plus ROE guidance... would not want to venture into giving any guidance on what we would do on combined.
