ICICI Lombard reports lower quarterly profit as commissions and personnel costs rise

India’s ICICI Lombard General Insurance reported a decline in third-quarter profit on Tuesday as higher payouts to agents and employees outweighed strong demand in health and auto insurance.Backed by ICICI Bank, one of India’s largest private lenders, ICICI Lombard offers marine, crop and fire insurance in addition to car and health insurance. The demand for […]