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AM Best affirms credit ratings of ICICI Lombard General Insurance

AM Best affirms credit ratings of ICICI Lombard General Insurance

by AIP Online Bureau | Feb 28, 2025 | Indian News, Non-Life

Despite its lack of underwriting profitability, ICICI Lombard has consistently outperformed India’s general insurance market. Underwriting performance showed a slight improvement in fiscal year 2024, mainly due to lower claims for motor and health insurance, although...
Zurich appoints Alok Agarwal from ICICI General as head its Indian non-life JV

Zurich appoints Alok Agarwal from ICICI General as head its Indian non-life JV

by AIP Online Bureau | Nov 15, 2024 | Indian News, Non-Life

Alok Agarwal, MD&CEO- designate, Zurich Kotak General Insurance Agarwal , who started his career with Reliance Industries in 1989 , is an old hand in the Indian general insurance industry and has spent over 22 years in ICICI Lombard General Insurance Mumbai:...

ICICI Bank raises stake in ICICI Lombard General Insurance

by AIP Online Bureau | May 10, 2024 | Briefs, Wealth Management/ Philanthropy

Sunil Bharti Mittal-promoted Bharti Enterprises on Thursday offloaded shares of ICICI Lombard General Insurance Company for Rs 663 crore through open market transactions at an average price of Rs 1,722.5 apiece. Bharti Enterprises Ltd sold 38.50 lakh shares, amounting...
Digital Adoption: Online platform preferred for general insurance products

Digital Adoption: Online platform preferred for general insurance products

by AIP Online Bureau | Jul 26, 2023 | Articles, Eco/Invest/Demography, Health, Non-Life, Technology

“Digital adoption is no longer just a choice; it has become a necessity for businesses to thrive in today’s rapidly evolving landscape. Our recent research report underscores the critical role that technology plays in driving growth, efficiency, and...
Digital Adoption: Online platform preferred for general insurance products

Combo Product: ICICI’s 2 insurance ventures jointly launch life and health cover

by AIP Online Bureau | Jun 28, 2023 | Health, Indian News, Non-Life, Technology

Sanjeev Mantri, executive director, ICICI Lombard General Insurance The health insurance component covers expenses related to hospitalisation, day-care treatments, pre and post hospitalisation, and homecare treatment, to name just a few On the other hand, the life...
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