ICICI Lombard Financial Performance

Robust risk management Pricing Reserving Quality Reinsurer Fraud Control 14 • Use of analytics aiding in risk selection & segmentation • Property- Preferred & Non preferred portfolio • Motor - Model, Location, Agent, Manufacturer • NOVA-Innovation & Accelerator Program Robust reserving through actuarial methods • IBNR reserves assessment undertaken quarterly • Assessment of significant major lines and sub-lines • Headed by an Appointed Actuary • First insurer in India to disclose reserving triangles in Annual report • Spread of risk across panel of quality re-insurers • Conservative level of catastrophe (CAT) protection • Dedicated fraud control unit Use of claims triaging & fraud analytics ICICI Lombard Nibhaye Vaade 29

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