Can technology fix ICICI Lombard's underwriting equation?
ICICI Bank moved lower.
· LiveMint Markets
ICICI Lombard is betting on technology to cut costs, accelerate growth and improve underwriting, but with its combined ratio above 100%, the digital push faces a crucial test of profitability.
The analysis
ICICI Bank reported movement of 100%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -0.9% on the day at ₹1,344.90, and has returned -2.1% over three months. It sits 8% below its 52-week high. The banks sector has moved -1.7% over the same period, so ICICI Bank is running 0.4 points behind its peers.
For ICICI Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Market context
- The company directly in focus is ICICIBANK.
- Sector exposure: Banks.
In this story
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