# Shriram General posts 23% premium growth, flags EV insurance caution 2026-08-25T07:26:33+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Shriram General Insurance posted 23% premium growth in the June quarter, more than double the industry average of 11%, writing about Rs 1,180 crore in premiums versus Rs 960 crore a year ago. Motor premium grew 25% and non-motor 18%, lifting the insurer's overall market share to 1.34% from 1.21%. Net profit rose only 5% to Rs 131 crore, which MD and CEO Anil Aggarwal attributed to the inability to book capital gains from equities amid market conditions. He said the company is cautious on electric vehicle insurance, citing rising battery repair costs, and will only enter the segment aggressively if adequate reinsurance support is available. The insurer's solvency ratio stood at 3 times, which Aggarwal expects to fall to about 2.6 times by year-end as growth continues. ## Indian Opinion Analysis Shriram General's caution on EV insurance reflects a sector-wide wait-and-watch approach. Unlike traditional motor policies, where decades of claims data allow precise pricing, EVs present unknowns: battery replacement costs can equal the vehicle's value, and repair networks are still sparse. Insurers need reinsurers to back EV portfolios, but global reinsurers have been hiking rates on battery-related risks after a spate of high-value claims in Europe and the US. The Insurance Regulatory and Development Authority of India (IRDAI) has nudged the industry to develop EV-specific products, but without adequate reinsurance capacity, most general insurers are holding back. The coming quarters will show whether IRDAI mandates a pool mechanism, as it did for third-party motor insurance, or allows the market to find its own pricing equilibrium. ## Coverage - bfsi.economictimes.indiatimes.com Leads with company growth figures and CEO's cautious views on EVs, neutral report with CEO quotes This story was synthesised by AI from the source linked above. Tags: Anil Aggarwal, EV insurance, IRDAI, motor insurance, Shriram General Insurance Canonical: https://indianopinion.org/shriram-general-posts-23-premium-growth-flags-ev-insurance-caution/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/shriram-general-posts-23-premium-growth-flags-ev-insurance-caution/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes. How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/