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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.

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