ICICI Lombard Awarded the Asia Insurance Technology Award for "Best Mobile Application"

  ICICI Lombard Awarded the Asia Insurance Technology Award for "Best Mobile
                                 Application"

  PR Newswire

  MUMBAI, December 5, 2012

MUMBAI, December 5, 2012 /PRNewswire/ --

ICICI Lombard General Insurance Company Ltd., the country's largest private
sector general insurance company, has been awarded the prestigious Asia
Insurance Technology Award for the "Best Mobile Application" in the non-life
insurance sector. This award recognises those insurers who exhibit true
innovation in the use of mobile technology. ICICI Lombard General Insurance
was bestowed the award for implementing the 'Enterprise Mobility Initiative',
having launched several mobility applications targeting diverse stakeholders
including end customers, agents, claims surveyors, and internal employees,
thus providing quick service and information access at the touch of a button.

The winners for Asia Insurance Technology Award 2012 were chosen from a highly
competitive field that included nominations from India, Japan, Sri Lanka,
Singapore, Hong Kong, China, Australia and New Zealand. Commenting on the
achievement, Mr. Eswaranatarajan N, Chief-Operations & Technology, ICICI
Lombard GIC Ltd. said, "We are honoured to have received the award for 'Best
Application Award' from Asia Insurance Review and Celent. At ICICI Lombard,
customer-centric product innovation remains an imperative for sustaining
growth. By migrating our services to the technology platform, we have been
able to enhance our service delivery both in terms of reducing the number of
processes as well as the time required for settling claims. We shall strive to
continuously set new industry benchmarks by bringing in best practices and
enhancing our products, processes and service deliverables."

About: Asia Insurance Technology Award

Asia Insurance Technology Awards recognises excellence and innovation in the
use of technology within the insurance industry. The second Asia Insurance
Technology Award was given on the Asia Insurance CIO Summit on 9 Nov 2012 in
Marina Mandarin Singapore.

Asia Insurance Technology Awards is organised by Celent together with Asia
Insurance Review. Twenty nine nominations were received this year from India,
Japan, South Korea, Sri Lanka, Singapore, Hong Kong, China, Australia and New
Zealand, and eight winners were selected by Celent AITA evaluation team
consisting of analysts from Asia, Europe and North America.

About: ICICI Lombard General Insurance Company Ltd.

ICICI Lombard GIC Ltd. is a joint venture between ICICI Bank Limited, India's
second largest bank with consolidated total assets of over USD 91 billion at
March 31, 2012 and Fairfax Financial Holdings Limited, a Canada based USD 30
billion diversified financial services company engaged in general insurance,
reinsurance, insurance claims management and investment management.

ICICI Lombard GIC Ltd. is the largest private sector general insurance company
in India with a Gross Written Premium (GWP) of Rs 5,358 crore for the year
ended March 31, 2012. The company issued over 76 lakh policies and settled
over 44 laky claims and has a claim disposal ratio of 99% (percentage of
claims settled against claims reported) as on March 31, 2012.

The company has been conferred the "Golden Peacock Award 2012" for Corporate
Social Responsibility, "Golden Peacock Innovation Award-2010" for Rashtriya
Swasthya Bima Yojana. It also received the "Skoch Financial Inclusion
Award-2011" in the micro finance category. The company has been conferred with
'NASSCOM - CNBC TV18 IT User Award 2010' for Best Technology Implementation in
the Insurance Sector. It has been awarded CNBC Awaaz Consumer Award 2010 for
being the 'most preferred brand' in the General Insurance category. ICICI
Lombard Auto Insurance has been rated highest in customer satisfaction by J.D.
Power Asia Pacific in India among 11 auto insurance providers. It was awarded
Customer and Brand Loyalty award in the 'Insurance Sector - Non-Life' at the
3rd Loyalty awards, 2010 and the 'General Insurance Company of the Year' at
the 11th Asia Insurance Industry Awards.

ICICI Lombard allows instant policy issuance and renewal through its website
www.icicilombard.com for all retail insurance products including Car Insurance
, International Travel Insurance , Two Wheeler Insurance, Home Insurance and
Health Insurance in India . There are multiple payment options available
including internet banking, credit card, debit card and cash card.

For more details about the company, log on to the website www.icicilombard.com
.

Primary Media Contact: Girish J Kalra, girish.kalra@icicilombard.com ,
91-9167226767

Secondary Media Contact: Sulakshna Mukherjee,
sulakshna.mukherjee@icicilombard.com , 91-22-61961451

Contact: PRN
 
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