ICICI Lombard (Lombard) was founded as a joint venture between ICICI Bank Ltd and Fairfax Financial Holdings Ltd. Lombard is the largest private-sector non-life insurer in India based on gross direct premium income (GDPI) in FY17. Its market share, by GDPI, increased from 7.9% in FY15 to 8.4% in FY17. Lombard offers a comprehensive and welldiversified range of products, including motor, health, crop/weather, fire, personal accident, marine, engineering and liability insurance, through multiple distribution channels. As of June 30, 2017, ICICI Lombard had 20,775 agents, 51 corporate...