General Insurance Corporation of India - Company Profile
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General Insurance Corporation of India (GIC), a government-owned company, is a provider of reinsurance products to general insurers. It offers reinsurance product on both treaty and facultative basis. Its offerings include property reinsurance, energy reinsurance, marine reinsurance, engineering reinsurance, transport reinsurance, liability reinsurance, accident reinsurance, and aviation reinsurance. The company also offers reinsurance products for agriculture, weather, spares, health, marine hull and cargo, offshore energy, motor, and life. GIC operates in India, the Middle East region, the ASEAN region, and the UK and European Union countries. It has branches in Dubai, the UAE; Labuan, Malaysia; and London, the UK. GIC is headquartered in Mumbai, Maharashtra, India.
General Insurance Corporation of India premium industry data and analytics
Products and Services
Products | Services |
---|---|
Property Reinsurance | Service: |
Health Reinsurance | Claims |
Spares Reinsurance | |
XYZ | |
XYZ | |
XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2023 | New Products/Services | In September, the company released its Customized Corporate My Stamp. |
2023 | Contracts/Agreements | In March, the company and The Indian Institute of Technology Roorkee entered into a partnership agreement to develop energy-generating solar window technology. |
2023 | Others | In January, the company was affirmed with the financial strength rating of 'CARE AAA' with stable outlook by CareEdge. |
Competitor Comparison
Key Parameters | General Insurance Corporation of India | Hannover Ruck SE – India Branch | Munich Reinsurance Company - India Branch | RGA Life Reinsurance Company of Canada - India Branch | SCOR SE India Branch |
---|---|---|---|---|---|
Headquarters | India | India | India | India | India |
City | Mumbai | Mumbai | Mumbai | Mumbai | - |
State/Province | Maharashtra | Maharashtra | Maharashtra | Maharashtra | - |
No. of Employees | 443 | - | - | - | - |
Entity Type | Public | Private | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Ramaswamy Narayanan | Chairman; Managing Director | Executive Board | 2023 | - |
Jayashree Ranade | Chief Financial Officer; Chief-Internal Audit and Financial Advisor; Financial Advisor; General Manager | Senior Management | 2022 | - |
Rajesh Khadatare | Deputy General Manager; Chief Marketing Officer | Senior Management | 2022 | - |
Jayashri Balkrishna | General Manager; Chief Risk Officer | Senior Management | 2023 | - |
Suresh Savaliya | Company Secretary; Chief Compliance Officer | Senior Management | - | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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