New motor norms trigger for ICICI Lombard, will gain most among insurers

Stock of ICICI Lombard General Insurance Company (ICICI Lombard) has risen 4.6 per cent to Rs 836.35 since August 30, even though the broader markets and Nifty Financial Services index are under pressure. 

Expected benefits from the revised motor third-party insurance policy have been the reason for the upward move of the sole listed general insurance company. 

While the motor segment accounts for over 40 per cent of the company’s product mix, third-party segment’s share is 17-18 per cent and own-damage policies comprise 25-26 per cent. Under the revised policy, effective from September 1, insurance premium for cars and two-wheelers