ICICI Lombard shares surge 7% on 22% rise in Q3 profit
General insurance company’s GDPI surges 13.4% to ₹6,230 cr in Q3; ROAE grows to 15.3%
General insurance company’s GDPI surges 13.4% to ₹6,230 cr in Q3; ROAE grows to 15.3%
The company plans to make an initial investment ranging from ₹5 crore to ₹10 crore.
ICICI Bank, which currently holds 48.02% stake in ICICI Lombard General Insurance, plans to acquire at least 2.5% of the 4% shares by September 9, 2024.
Virat Kohli and Canadian billionaire Prem Watsa-backed Digit Insurance had last month sumitted papers for an IPO comprising fresh issue of shares and offer for sale.
The insurance regulator has allowed floater policy for vehicles belonging to the same individual owner for two wheelers and private cars.
In the offline payments business, Paytm had 32 lakh devices deployed in stores as of April 2022, up from 9 lakh as of April 2021. User engagement on Paytm's super app rises 44% YoY.
The path to recovery may not be an easy one, but the industry will continue to play a pivotal role in getting the nation back on its feet.
Insurers need to have speed, accuracy, and trust, or SAT, in these times to make their customers loyal.
The Budget proposes to raise the 49% cap on foreign direct investment (FDI) in insurance companies to 74%, with governance and management safeguards.
ICICI Lombard managing director and CEO Bhargav Dasgupta on how his company is leveraging tech to offer a better customer experience, and taking on digital natives and state-owned firms.