If claim spike sustains, it'll have repercussions: ICICI Lombard MD & CEO

For corporate policies, we have taken some price increases, says Bhargav Dasgupta

While the Covid-related health claims have seen a decline, the non-Covid claims have spiked for non-life insurers, posing another challenge to the sector. Bhargav Dasgupta, managing director and chief executive officer, ICICI Lombard General Insurance, spoke to Subrata Panda on the hit the insurance industry had taken due to Covid, the spike in the average claim size, pickup in the motor insurance segment, and the focus areas of the company. Edited excerpts:

Is the worst over now as far as the Covid-related health claims are concerned?

We are hopeful, given the pace of vaccination, that we would not see a