ICICI Lombard General Insurance Company Ltd.
Company |
ICICI Lombard General Insurance Company Ltd. |
Year Established |
FY 2000-01 |
Brief History |
ICICI Lombard is a 74:26 joint venture between ICICI Bank Limited, India's second largest bank with USD 81.00 billion in assets and Fairti, Financial Holdings Limited, a Canada based USD 30.00 billion diversified financial services company engaged in property and casualty insurant, and as well as reinsurance and investment management. |
Promoters of the company |
ICICI Bank Limited and Fairfax Financial Holdings Limited |
Share Capital (In crores) |
Rs. 403.6 as at March 31, 2010 |
Solvency margin ratio |
2.07 times as at March 31, 2010 as against minimum ratio of 1.5 times as prescribed by Insurance Regulatory And Development Authority (IRDA). |
Credit rating |
Domestic rating of 'iAAA' by ICRA (an associate of Moody's Investors Service) for highest claim paying ability and a fundamentally strong position for the fourth consecutive year. |
ISO Certificate |
ISO 9001 : 2000 |
Annual Gross Premium 2009-2010 (In crores) |
Gross Written premium (GWP) Rs. 3,694.7 for the year ended March 31, 2010. |
Annual Gross Direct Claims Paid : 2009-2010 (In crores) |
Gross claims paid Rs. 2,300.00 for the year ended March 31, 2010 |
No of Employees |
4,634 |
No. of Branch Offices India Overseas |
350 |
Name & Designation of Key Executives |
Mr. Bhargav Dasgupta- Managing Director & CEO Mr. Rakesh Jain- Director - Corporate Centre and CFO Mr. Alok Agarwal- Director - Corporate Mr. Neelesh Garg- Director- Retail |
Head Office (Corporate Office) Address |
ICICI Lombard General Insurance Company Ltd. Zenith House, Keshavrao Khadye Marg, Mahalaxmi, Mumbai 400 034 |
Contact Number |
Telephone : 022-24906999 Fax : 022-24927642 Email: corporate.communication@icicilombard.com Toll Free No. 1800 209 8888 |
Website |
www.icicilombard.com |
Any other information you would like to share |
IGIGI Lombard GIG Ltd. is the largest private sector general insurance company in India with a Gross Written Premium (GWP) of Rs. 3,694.7 crores for the year ended March 31, 2010. The company issued over 44 lakh policies and has a claim disposal ratio of 96% (percentage of claims settled against claims reported) as on March 31, 2010. IGIGI Lombard GIG Ltd. has been conferred the 'World Business Leader' award at 'The Bizz 2010' awards held on April 2, 2010 IGIGI Lombard has been conferred the Golden Peacock- Eco Innovation Award of 2009 for weather insurance. IGIGI Lombard Auto Insurance has been rated highest in customer satisfaction by J.D. Power Asia Pacific in India among 11 auto insurance providers. |