'ICICI Lombard General Insurance Company disclosed a presentation addressing the general insurance domain.
Non-Life Insurance market has large total addressable market(TAM) in India. India is the 2nd largest non-life insurance market in Emerging Asia and 15th largest globally in 2024. Non-life Insurance penetration in India was around 1/4th of Global Average in 2024. It operates under a cash before cover model. India as of now has it’s share in this general insurance domain to be 36.32 billion USD as compared to the world’s entire share of 4,601.69 billion USD.
The company maintains its market leadership and keeps delivering steady ROE across multiple time period through comprehensive product portfolio & diversified distribution, customer service & technology, risk management, capital management and profitable growth. It keeps a balanced product mix supported by a comprehensive product portfolio.
Moreover, it has continued expansion across distribution channels and...
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