ICICIGI

ICICI Lombard General Insurance Co. Ltd, established in 2001 as a joint venture between ICICI Bank and Fairfax Financial Holdings Ltd, is a private sector general insurance company headquartered in Mumbai, India. It operates within the general and non-life insurance industries, offering a diversified range of products and risk management solutions across segments including motor, health, crop, fire, marine, and engineering insurance. The company functions as a subsidiary of ICICI Bank and distributes its insurance offerings through multiple channels within India. Fairfax Financial Holdings initially held a 36% stake, including a 5% stake retained until 2019, when it exited by selling its remaining shares for approximately 2,600 crores INR. As of March 31, 2025, ICICI Lombard held an 8.7% market share by Gross Direct Premium Income, ranking it as the second-largest non-life insurer and the leading private sector insurer in India.