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ICICILombardWikipedia

ICICILombard
FromWikipedia,thefreeencyclopedia

ICICILombardGeneralInsuranceCompanyLimitedisa
jointventurebetweenICICIBankLimited,India'ssecond
largestbankwithtotalassetsofoverUSD100billionand
FairfaxFinancialHoldingsLimited,aCanadabasedUSD37
billiondiversifiedfinancialservicescompanyengagedin
generalinsurance,reinsurance,insuranceclaimsmanagement
andinvestmentmanagement.[2]ICICILombardGICLtd.isthe
largestprivatesectorgeneralinsurancecompanyinIndiawitha
GrossWrittenPremium(GWP)ofRs83.07billion(FY2016).
Thefirmofferspolicyinsuranceandrenewalthroughits
intermediariesandwebsite.Itmarketsassuranceproducts
includingCarInsurance,HealthInsurance,InternationalTravel
Insurance,OverseasStudentTravelInsurance,TwoWheeler
Insurance,HomeInsuranceandWeatherinsurance.[3]ICICI
Lombardhas257branchesspreadacrossthenation.

ICICILombardGeneralInsurance
CompanyLtd

Type

PublicListedCompany

Industry

Insurance

Founded

2001

Headquarters Mumbai,India
Keypeople

BhargavDasguptaMD[1]

Products

Generalinsurance,Vehicle
Insurance,HealthInsurance,
TravelInsuranceetc.

Netincome

Contents
1
2
3
4

History
ProductandServices
Financials
References

5.07billion(US$75million)

Numberof
employees

7,954(asMarch2016)

Parent

ICICIBank,FairfaxFinancial

Website

www.icicilombard.com(http://ww
w.icicilombard.com)

History
Establishedin2001,ICICILombardGeneralInsuranceCompanyisajointventurebetweenICICIBankIndias
secondlargestbankandFairfaxFinancialHoldingsLimitedafinancialservicescompanybasedinToronto.ICICI
bankhas64%stakeintheventurewhileFairfaxhas35%inthejointventure.ICICILombardGeneralInsuranceis
thelargestprivatesectorgeneralinsurancecompanyinIndia.

ProductandServices
ICICILombardHealthInsurance
ICICILombardOverseasStudentMedicalInsurance
InternationalTravelinsurance
ICICILombardHomeInsurance
ICICILombardCarInsurance
ICICILombardRuralWeatherInsurance

Financials
https://en.wikipedia.org/wiki/ICICI_Lombard

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ICICILombardWikipedia

ICICIGeneralsGrossWrittenPremium(GWP)was`83.07billioninfiscal2016.Thecompanymaintainedits
marketleadershipintheprivatesectorwithanoverallmarketshareof8.4%.Thecompanywitnessedanincrease
inpolicyvolumesby13.90%from13.87millioninfiscal2015to`15.80millioninfiscal2016.ICICIGenerals
profitbeforetaxincreasedfrom`6.91billioninfiscal2015to`7.08billioninfiscal2016despitetheimpactof
Chennaifloodsandhighweatherinsuranceclaims.ICICIGeneralsprofitaftertaxdecreasedfrom`5.36billionin
fiscal2015to`5.07billionfiscal2016,duetoahighereffectivetaxrateinfiscal2016,aslosscarriedforward
fromearlieryearshadalreadybeenabsorbedinpriorperiods.Infiscal2016,ICICIBanksolda9.0%stakein
ICICIGeneraltoitsjointventurepartner,FairfaxFinancialHoldings,atacompanyvaluationof`172.25billion.
Followingthetransaction,theshareownershipinICICILombardGeneralInsuranceCompanyofICICIBankand
FairfaxFinancialHoldingsLimitedisapproximately64%and35%,respectively.

References
1."BoardofDirectors&KeyPersonsICICILombard".Retrieved27November2014.
2."AboutICICILombard".Retrieved26November2014.
3."ICICILombardtoberestrictivetowardsweatherinsurance".BusinessStandard.Mumbai.PressTrustofIndia.18
December2014.Retrieved13August2015.

https://www.icicilombard.com/Content/ilomen/annualreport/Annual_Report_2014_2015.pdfAnnualReport2014
15
https://www.icicilombard.com/Content/ilomen/annualreport/Annual_Report_2015_2016.pdfAnnualReport2015
16

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Categories: CompaniesbasedinMumbai GeneralinsurancecompaniesofIndia
CompaniesbasedinMaharashtra Companiesestablishedin2001 ICICIBank
Multinationaljointventurecompanies
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