Motor competitive intensity
Industry motor combined ratio worsened to 128.5% in H1 FY26 from 124.8% in H1 FY25, indicating sustained pricing pressure.
ICICIGI / Q3-FY26 / risks
Keep the risk register visible.
ICICI Lombard General Insurance Company · Material risks, their source context, and severity in the latest available quarter.
Research layer active
ConCallIQ research layer
Signal, with the source still visible.
Use the controls below to narrow the view, then follow the evidence into the next layer of context.
Risk intelligence
Material risks this quarter
high
Wage code recurring costs
The one-time wage code impact of ₹55 crore includes ₹17 crore of unamortized cost to be spread over 3 years, with potential further regulatory changes.
Retail health loss ratio aging
As the retail health portfolio matures, loss ratios may increase from current levels (63-67%) over time, though management expects offset from lower acquisition costs.