ICICI Lombard General Insurance Co Ltd - Company Profile
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ICICI Lombard General Insurance Co Ltd (ICICI Lombard), is a general insurance company. The company offers insurance products for burglary, machinery, fidelity, fire and special perils, inland transit, product liability, workmen’s compensation, tractor, marine, and export credit. It also offers health insurance, travel insurance, retail insurance, home insurance and motor insurance. The company provides insurance claim management services. It operates through a network of branches. It also markets and distributes its products through agents, brokers, bancassurance, telesales, direct alliances, worksites, and online channels. ICICI Lombard is headquartered in Mumbai, India.
Headquarters
India
Address
414 Icici Lombard House, Veer Savarkar Marg, Prabhadevi, Mumbai, Maharashtra, 400025
Website
www.icicilombard.com
Telephone
91 22 61961100
No of Employees
12,865
Industry
Financial Services
Ticker Symbol & Exchange
ICICIGI (NSE)
Revenue (2023)
$2.3B
10.1%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
11%
(2023 vs 2022)
Market Cap*
$10.1B
Net Profit Margin (2023)
XYZ
0.8%
(2023 vs 2022)
* As of and is in US$
ICICI Lombard General Insurance Co Ltd premium industry data and analytics
Products and Services
| Products |
|---|
| Business Solutions: |
| Industrial All Risk Insurance |
| All Risk Insurance |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In April, the company entered into a partnership with Policybazaar to combine the product portfolio of ICICI Lombard and the reach of Policybazaar and provide accessible insurance solutions. |
| 2024 | New Products/Services | In March, the company unveiled its digital ecosystem, including tech capabilities across product categories. |
| 2024 | Plans/Strategy | In January, the company announced its plans to acquire a 1.08% stake in Karnataka Bank. |
Competitor Comparison
| Key Parameters | ICICI Lombard General Insurance Co Ltd | The Oriental Insurance Company Ltd. | HDFC ERGO General Insurance Company Limited | Bajaj Allianz General Insurance Co Ltd | IFFCO-Tokio General Insurance Co Ltd |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Mumbai | New Delhi | Mumbai | Pune | Gurgaon |
| State/Province | Maharashtra | Delhi | Maharashtra | Maharashtra | Haryana |
| No. of Employees | 12,865 | - | 10,192 | 9,000 | 4,269 |
| Entity Type | Public | Private | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Lalita D. Gupte | Chairperson | Executive Board | - | - |
| Alok Kumar Agarwal | Director | Executive Board | - | - |
| Sanjeev Radheyshyam Mantri | Director | Executive Board | - | - |
| Gopal Balachandran | Chief Finance Officer; Chief Risk Officer | Senior Management | - | - |
| Amit Kushwaha | Chief Compliance Officer; Head - Legal | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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