Focus is to increase health book faster: ICICI Lombard Gen Insurance CEO

Bhargav Dasgupta spoke about the company's plan in the health, motor and surety bonds business

Being a predominantly motor insurance-driven company, ICICI Lombard is now looking to grow its health business to capitalise on the opportunity provided by the pandemic. Bhargav Dasgupta, managing director & chief executive officer, ICICI Lombard General Insurance, in an interview with Subrata Panda, spoke about the company’s plan in the health, motor and surety bonds business. Edited excerpts:

What has been the impact of Covid on the health business in the last two years?

The industry paid over Rs 25,000 crore in Covid-related health claims in FY21 and FY22. It earned profits of roughly Rs 4,000 crore in FY21 while in the