ICICI Lombard General Insurance aims to achieve a target combined ratio of 102%. CEO Bhargav Dasgupta stated that this was achievable given increased distribution investments on its health side and technological advancements. Dasgupta also commented on how the increase in reinsurance rates, regulations from the Insurance Regulatory and Development Authority of India (IRDAI), and competition had impacted the industry. He expects more consolidation to take place and said that increased competition in the motor sector would only be effective if pricing went up, or distribution costs decreased.