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ICICI Bank receives RBI nod to raise its stake in ICICI Lombard General Insurance by another 4%

ICICI Bank receives RBI nod to raise its stake in ICICI Lombard General Insurance by another 4%

by AIP Online Bureau | Aug 5, 2023 | Banking & Bancassurance, Indian News, Non-Life, Regulation

The bank currently holds a 48.02 per cent stake in ICICI Lombard General Insurance Company and would acquire at least a 2.5 per cent stake out of the 4 per cent to make the insurer its subsidiary before September 9, 2024 Mumbai: Banking regulator Reserve Bank of...
ICICI Lombard General targets reduction of CR by 200 bps to 102.5 % by FY 2025: Dasgupta

ICICI Lombard General targets reduction of CR by 200 bps to 102.5 % by FY 2025: Dasgupta

by AIP Online Bureau | Jun 30, 2023 | Indian News, Non-Life, Technology

Bhargav Dasgupta, MD & CEO, ICICI Lombard General Insurance `As part of a highly competitive market, where change is being driven constantly by digital players like Fintechs and Insurtechs, we believe that continuous reimagination of its technology and business...

Proposal to blacklist ICICI Lombard sent to Maha Govt over crop insurance delay, says Akola collector

by AIP Online Bureau | May 17, 2023 | Indian News, Non-Life, Reinsurance

The private company has been appointed to insure crops in the district but there were delays in processing farmers’ compensation claims following natural calamities, said district collector Nima Arora Akola(Maharashtra): The Akola district administration in...
Metals & Mining and Chemical & Petrochemical sectors show a dip in risk management in 2022, ICICI Lombard report

Metals & Mining and Chemical & Petrochemical sectors show a dip in risk management in 2022, ICICI Lombard report

by AIP Online Bureau | Apr 25, 2023 | Indian News, Non-Life, Reinsurance, Risk Management, Technology

Bhargav Dasgupta, MD & CEO, ICICI Lombard General Insurance, said, “The enhanced score in the 3rd edition of the Corporate Risk Index is a testament to the efficient risk management practices adopted by Indian corporates in the face of global headwinds and...
Women having  their own source of income are more likely to own insurance:ICICI Lombard Report

Women having their own source of income are more likely to own insurance:ICICI Lombard Report

by AIP Online Bureau | Mar 28, 2023 | Articles, Eco/Invest/Demography, Health, Non-Life, Workplace/Employee Benefits

Sanjeev Mantri, executive director, ICICI Lombard General Insurance said, “As data shows only a small percentage of women in India consider general insurance a priority. This highlights the need for more awareness and education on general insurance among women in...
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