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Day: March 30, 2015
(Disclosure:I am market making in the shares of ICICI Lombard)
Among the private insurers, ICICI Lombard clocked the highest health premium business of Rs 900 crore in April-November, FY15. This made up for 20 per cent of its total premium business in the same period. The corresponding health-to-total share in premium business for the other four private insurers were lower than that of ICICI Lombard — 18 per cent in the case of HDFC Ergo, 15 per cent for Bajaj Allianz, and 10 per cent each in the case of IFFCO Tokio and Tata AIG.
Clearly, ICICI Lombard’s relative higher focus on health insurance was also helping it record better business from it than private sector rivals covered in our analysis.
Among the analysed five private insurers, ICICI Lombard, Bajaj Allianz and IFFCO Tokio were the largest premium collectors from motor insurance with motor premium business figures of Rs 2,230 crore, Rs 1,880 crore and Rs 1,350 crore respectively. Their respective motor-premium-to-total-premium ratios were 50 per cent, 55 per cent and 64 per cent. Clearly, higher premium collections from motor insurance were seen dominating the total general insurance business of these three companies.-from MyDigitalFC
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Howard Marks: Why the market went up
“We watch TV,listen to radio or read newspapers.I’m always amused when the pundits say , “stocks went up today because several companies beat analyst’s earning forecasts” or “the market dropped because of increased uncertainty regarding the price of oil.”How do they know?Where do buyers and sellers register their motivations ,such that the media can discern them so definitely?
There’s only one indisputable explanation for why the market went up on a given day:there were more buyers than sellers.When buyers have greater influence in the market than sellers -because would-be buyers predominate relative to sellers;buyers feel more urgency than sellers;or buyers want to buy more shares than sellers want to sell-prices rise.Under those circumstances,sellers enjoy great liquidity and buyers have to pay a premium over prior prices.”-wrote Howard Marks
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What disruption looks like
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Marriage Proposal
