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ICICI Lombard partners Policybazaar to sell its products

by AIP Online Bureau | Apr 9, 2024 | Briefs, Intermediaries, Non-Life, Technology

ICICI Lombard General Insurance has partnered with Policybazaar to distribute its product the insurance platform . The collaboration encompasses access to nearly 10 million customers with a wide range of insurance products, including motor insurance, health insurance,...
AM Best’s first  ever credit ratings for ICICI Lombard, affirms financial strength rating of B++ (Good)

AM Best’s first ever credit ratings for ICICI Lombard, affirms financial strength rating of B++ (Good)

by AIP Online Bureau | Mar 2, 2024 | Indian News, Non-Life, Reinsurance

Although the company’s five-year average combined ratio was 104.8%, it has consistently outperformed the domestic general insurance market in India SINGAPORE: Announcing its ratings for the first ever Indian private sector general insurance company, international...
AM Best’s first  ever credit ratings for ICICI Lombard, affirms financial strength rating of B++ (Good)

ICICI Lombard Q2 profit falls to Rs 577 crore

by AIP Online Bureau | Oct 18, 2023 | Indian News, Non-Life

The company had managed to bring down its combined ratio to 103.90 per cent during the reporting quarter as compared to 105.10 per cent in the year-ago period.The insurer’s underwriting losses have fallen marginally to Rs 145 crore during the quarter over Rs152...
Tax Troubles: General insurers get Rs18,000 crore of demand notices from GST authorities on reinsurance & coinsurance deals

Tax Troubles: General insurers get Rs18,000 crore of demand notices from GST authorities on reinsurance & coinsurance deals

by AIP Online Bureau | Sep 28, 2023 | Indian News, Non-Life, Policy, Regulation, Reinsurance

“The alleged demand and the impugned Show Cause Cum Demand Notice pertains to non-payment of GST on the Co-insurance premium accepted as follower in case of coinsurance transactions and non-payment of GST on re-insurance commission accepted on the reinsurance...
Bhargava Dasgupta quits as MD & CEO of ICICI Lombard, to join ADB as vice-president,Market Solutions

Bhargava Dasgupta quits as MD & CEO of ICICI Lombard, to join ADB as vice-president,Market Solutions

by AIP Online Bureau | Sep 21, 2023 | Indian News, Non-Life

Bhargava Dasgupta, MD & CEO, ICICI Lombard General insurance Dasgupta has tendered his resignation, to pursue a career opportunity outside the country, said the company on Thursday.Dasgupta said the company has grown revenues six times and net profit 78 times over...
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