ICICI Lombard is a 74:26 joint venture between ICICI Bank Limited, India's second largest bank with $ 79 billion in assets and Fairfax Financial Holdings Limited, a Canada based $ 26 billion diversified financial services company engaged in general insurance, reinsurance, insurance claims management and investment management.

ICICI Lombard is the largest private sector general insurance company in India with a Gross Written Premium (GWP) of Rs. 3345 million for the year ended March 31, 2008.

ICICI Lombard was awarded the ‘General Insurance Company of the Year’ at the 11th Asia Insurance Industry Awards. The company also won the NDTV Profit Business Leadership Award 2007 and was adjudged as the most Customer Responsive Company in the Insurance category at the Economic Times Avaya Global Connect Customer Responsiveness Award 2006. It has the Gold Shield for "Excellence in Financial Reporting" by the ICAI (Institute of Chartered Accountants of India) for the year ended March 31, 2006.

The company has been assigned a domestic rating of iAAA by ICRA (an associate of Moody�s Investors Service) for highest claim paying ability and a fundamentally strong position.

The company presently has 6977 employees in 416 offices spread across 267 locations. In the financial year ended March 31, 2008, the company issued over 3.5 million policies across India and serviced over 8, 10,000 claims. The company has a claim disposal ratio of 96% (percentage of claims settled against claims reported) as on March 31, 2008.