BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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ICICI Lombard General Insurance Company has got capital markets regulator SEBI’s go-ahead for its estimated Rs 6, 000 crore IPO. SEBI was set up on
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12th April 1972
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12th April 1993
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12th April 1988
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12th April 1986
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Explanation:
Detailed explanation-1: -Brokerages said the performance of ICICI Lombard continues to be weighed down by high competition in the motor OD segment, leading to slower growth and high claims. The company continued to lose share in this segment, with a share of 13.7% in the third quarter as against 15.7% in the same period of last year.
Detailed explanation-2: -ICICI Lombard General Insurance Company Limited is one of the leading private sector general insurance companies in India with a Gross Written Premium (GWP) of ₹185.62 billion for the year ended March 31, 2022. The company issued 29.3 million policies and settled 2.3 million claims as on March 31, 2022.
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