ICICI Lombard General Insurance Co Ltd 2021 AR2
The report highlights ICICI Lombard General Insurance Company Limited's performance for the fiscal year 2020-2021, marking its third year of integrated reporting. During the year, the company issued 21.7 million policies, settled 1.6 million claims, and achieved a Gross Direct Premium Income of INR 140.03 billion, representing a 7.0% market share in India. Key digital achievements include servicing 60.8% of motor own damage claims through the InstaSpect virtual survey tool and auto-approving 60.1% of cashless health claims using AI. On the ESG front, the company reduced its electricity consumption by 59.4% to 6,052 MWh and distributed 35,000 helmets through its 'Ride to Safety' CSR initiative.
Company: ICICI Lombard General Insurance Co Ltd
Sector: Finance & insurance
Country: India
Year: 2021
Type: AR2
Pages: 252
Back to company
ICICI Lombard General Insurance Co Ltd
Annual Report
The report highlights ICICI Lombard General Insurance Company Limited's performance for the fiscal year 2020-2021, marking its third year of integrated reporting. During the year, the company issued 21.7 million policies, settled 1.6 million claims, and achieved a Gross Direct Premium Income of INR 140.03 billion, representing a 7.0% market share in India. Key digital achievements include servicing 60.8% of motor own damage claims through the InstaSpect virtual survey tool and auto-approving 60.1% of cashless health claims using AI. On the ESG front, the company reduced its electricity consumption by 59.4% to 6,052 MWh and distributed 35,000 helmets through its 'Ride to Safety' CSR initiative.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2021
Reporting Period
Apr 1, 2020 - Mar 31, 2021
Fiscal Year
2021
Published
Jul 8, 2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Energy Consumption
Employees