ICICI Lombard General Insurance, a prominent player in the Indian insurance industry, is focusing on strengthening its health insurance segment to enhance its market position. The company is looking to rectify past underinvestment in this sector by implementing strategic initiatives. While considering potential acquisitions that can complement its existing investments in retail health insurance, ICICI Lombard is primarily concentrating on internal growth strategies. This decision follows a slowdown in the growth of motor insurance, prompting the company to pivot towards the health insurance segment to capitalize on new opportunities in the market. With a keen eye on expanding its footprint in the health insurance sector, ICICI Lombard aims to solidify its presence and cater to the evolving needs of customers in India.

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ICICI Lombard General Insurance focuses on expanding health insurance sector amidst slowing motor insurance growth.
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