ICICI Lombard
ICICI Lombard, founded in 2001, is a large private sector general insurance company in India with headquarters in Mumbai and a team of 12,983 employees.
Company Overview
ICICI Lombard is one of the largest private sector general insurance companies in India, founded in 2001. The company operates within the insurance industry and has established itself as a significant player in the market. With a team size of 12,983 employees, ICICI Lombard is classified as a very large enterprise. The company's headquarters is located in Mumbai, Maharashtra.
Insurance Services Offered
ICICI Lombard specializes in various types of insurance products, including Health Insurance, Travel Insurance, Car Insurance, Home Insurance, Two-Wheeler Insurance, and NRI Insurance. This diverse range of offerings caters to the needs of different customer segments, ensuring comprehensive coverage options.
Technological Advancements
ICICI Lombard is recognized as the first large-scale insurance company in India to migrate its entire core systems to the cloud. This technological advancement enhances operational efficiency and improves service delivery to customers. The company also launched the industry-first Face Scan feature on its IL TakeCare app, which has garnered over 4.6 million downloads.
Financial Performance
For the year ended March 31, 2023, ICICI Lombard achieved a Gross Written Premium (GWP) of ₹217.72 billion. The company issued over 32.7 million policies and settled 3.6 million claims during the same period, reflecting its significant market presence and operational capacity.
Awards and Recognition
ICICI Lombard has received several awards for its contributions to the insurance sector, including the ET Corporate Excellence Awards, Golden Peacock Awards, FICCI Insurance Awards, and National CSR Awards. These accolades highlight the company's commitment to excellence in service and corporate responsibility.