Why standalone health insurers may outshine ICICI Lombard after Q1

ICICI Lombard General Insurance shares dropped over 10 percent to Rs 1,610 after a weak Q1FY27. Net profit fell 23 percent year-on-year to Rs 575 crore as the combined ratio worsened to 103.4 percent from 102.9 percent, even after adjusting for one-off fire and motor third-party claims. The article argues that standalone health insurers such as Star Health may be better positioned, as they avoid risks from non-health segments like catastrophes and crop loss claims.