Online resource centre on insurance for magazine, books, training, articles and news on insurance
A key committee of the insurance regulator has suggested halving of the compulsory reinsurance that Indian companies place with public sector GIC Re. This will create a larger business space for private and foreign reinsurance firms in the country. Read more
India’s sole reinsurer General Insurance Corporation of India (GIC), clarified that it has not refused cover to any Indian refinery dealing with Iranian crude and is only engaging in discussions to bring in clarity. Read more
To tap the Indian diaspora, public sector general insurers are considering expanding their operations to other countries in the next financial year. Given the large number of Indians and Indian businesses in South-east Asia, West Asia and Africa, these regions are emerging as preferred destinations. Read more
GIC Re’s chairman and managing director says the global (re)insurance industry can do more to prepare for natural catastrophes Read more
Stung by record losses in 2011-12, General Insurance Corp of India (GIC Re), the designated reinsurance company in the country, has learnt its lessons. Ashok Kumar Roy, its CMD, tells Niladri Bhattacharya that as a corrective measure, the reinsurer has already decided to stop underwriting retro business and revisiting exposure limits to a single country or single sector. Edited excerpts: Read more
The government has set the ball rolling for the listing of two general insurance companies by asking the General Insurance Corporation (GIC Re) and New India Assurance (NIA) to start the process by appointing merchant bankers.
Read more
Mr Ashok Kumar Roy has been appointed as Chairman and Managing Director of GIC Re till July 31, 2015. Mr Roy was officiating as CMD of GIC Re from January 2, 2012. He was earlier holding the position of General Manager, GIC Re Read more