ICICIGI

ICICI Lombard General Insurance Company Ltd is a leading non-life insurer in India providing products such as: Motor insurance Health insurance Crop insurance Marine insurance Liability insurance The company was founded in 2001 as a JV between ICICI Bank and Fairfax Financial Holdings. It operates through multiple channels including agents, brokers, banks and digital platforms. 1. Insurance penetration in India India’s non-life insurance penetration is still low → large growth opportunity. 2. Motor & health insurance demand Motor contributes ~40% of premium income. Health insurance demand increasing post-COVID. 3. Strong parent ecosystem Distribution advantage through ICICI Bank network. 4. Digital underwriting & analytics Improves claim processing and cost control. Largest private general insurer in India by GDPI Market share about 9–10% in the non-life insurance industry. Strong presence in commercial insurance segments: Fire 13% Engineering 17% Marine cargo 21% Liability 19% This diversification reduces dependence on one insurance segment.