Page 2 - Icici Lombard

ICICI Lombard first quarter net slumps 62% to Rs 152 cr on Covid impact

Gross direct premium income grew to Rs 3,733 crore in the reporting period, up 13 per cent over Rs 3,302 crore a year ago, which ICICI Lombard said was in line with the industry growth level.

ICICI Lombard says AI service helped it improve policy sale, claims

Response time to customer request reduced from 12 hours to 2 hours, says insurer

ICICI Lombard to give up to 2-month advance pay to Covid positive employees

The individual can pay back the advance in 6 or 12 monthly instalments at a later date

ICICI Lombard: Leadership position supersedes other issues for investors

Higher investment gains continue to compensate for underwriting losses; improving product mix is positive

ICICI Lombard partners with Flipkart to offer 'Hospicash' benefit

Flipkart has partnered with ICICI Lombard to offer 'Group SafeGuard' insurance, a group insurance policy to its consumers

ICICI Lombard sets up index to track risk exposure in sectors, companies

Indian companies have a score of 57, indicating optimised risk handling methods, says the index

ICICI Lombard gets approval to open IFSC unit in Gujarat's Gift city

Private non-life firm ICICI Lombard on Friday said it has received approval from international financial services centre (IFSC) to open an offshore insurance office in Gift City

Top stocks that are likely to benefit from FM's Budget proposals

According to Phillip Capital increased allocation for capital expenditure will bode well for large banks, namely ICICI Bank, Axis Bank, HDFC Bank and State Bank of India

ICICI Lombard net profit rises 6.6% in Q3, premium income up 4%

Solvency ratio of the company has remained stable at 2.76, against the regulatory requirement of 1.5

ICICI Lombard revamps health offerings in view of evolving customer needs

The insurer has launched four new plans ---- health shield, health shield plus, health elite, and health elite plus ---- that are part of its 'complete health insurance' offering

Irdai gives in-principle approval for Bharti AXA-ICICI Lombard deal

Insurance Regulatory and Development Authority of India (Irdai) on Friday gave in-principle approval for the merger of Bharti AXA General with ICICI Lombard. ICICI Lombard is progressing applications for receipt of requisite approvals from other concerned regulators for the transaction, the insurance company said in a regulatory filing. Upon closing of the proposed transaction, the consolidated entity will have a market share of about 8.7 per cent on a pro forma basis in the non-life business, it added. The proposed transaction is expected to result in value creation for all stakeholders through meaningful revenue and operational synergies, it said. "Further, policyholders should benefit from an enhanced product suite and deeper customer connect touchpoints," the company said, adding the employees of the combined business will also benefit via greater opportunities across functions and geographies. Marking a major consolidation move in the insurance space, the proposed deal was ..

ICICI Lombard hits new high, enters the top 50 most-valued companies list

The stock rallied 6 per cent to Rs 1,464 on the BSE, surpassing its previous high of Rs 1,439.90 touched on December 26, 2019.

ICICI Lombard Q2 net profit rises 35% on improved underwriting practices

The company reported a combined ratio of 99.7 per cent in Q2FY21, compared to 102.6 per cent in Q2FY20. Combined ratio is the measure of profitability of a general insurance company

ICICI Lombard reports 35% jump in net profit at Rs 416 cr in Sept quarter

The insurer had posted a net profit of Rs 307.91 crore for the year-ago period.

ICICI Lombard-Bharti AXA deal seen a leg-up for bancassurance sector

Combined entity will be third-largest non-life insurer

Street finds discomfort in ICICI Lombard-Bharti Axa merger deal

Bharti Axa's weak underwriting and high combined ratio are earnings dilutive, while valuations are on the higher side

Financial stocks lift indices, Sensex gains 364 pts; Nifty ends at 11,466

All that happened in the markets today

In share swap deal, ICICI Lombard to acquire Bharti AXA General Insurance

In a share swap deal, non-life insurer ICICI Lombard General Insurance Company will acquire the business of Bharti AXA General Insurance Company Ltd

Bharti AXA, ICICI Lombard ink definitive pact to merge non-life businesses

The combined entity, with an expected market share of 8.7 per cent in the non-life business, would be the third-largest non-life insurer in the general insurance business

ICICI Lombard Q1 net profit up 28% at Rs 398 cr but GDPI dips 5.3%

The combined ratio stood at 99.7 per cent compared to 100.4 per cent in the same period, primarily driven by Covid-19 pandemic despite losses incurred due to catastrophic events