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ICICI Lombard's Q1 Review: Focus on Combined Ratio and Industry Outlook

16 Jul 2025, 03:13 PM IST i
NDTV Profit
NDTV Profit

Gopal Balachandran, Chief Financial Officer of ICICI Lombard, shed light on the general insurance industry's current landscape and the company's strategic positioning. Balachandran highlighted a challenging environment for the general insurance industry, noting an approximate combined ratio of 112%, which translates to a loss of 12-13% for every 100 rupees of premiums collected.

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