by AIP Online Bureau | May 30, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management, Technology
“As more of the Indian population moves online and shares sensitive identity information on various platforms, it’s vital that individuals have access to the right protection should their data be breached. We are pleased to introduce our latest innovation in...
by AIP Online Bureau | May 28, 2024 | Indian News, Reinsurance
“Despite having nine catastrophic events, which have added Rs 3,300 crore of losses for GIC Re, we had a profitable year in Fy 24. As a matter of strategy, we have increased our domestic premium by almost 15 per cent in Apr 1 renewals while going slow in...
by AIP Online Bureau | Apr 19, 2024 | Eco/Invest/Demography, Indian News, Life, Reinsurance
“The government has received good feedback in investor roadshows for GIC, and is open to sell its 10 per cent stake in tranches depending on its shares’ value,” the official said. The sale of 10 per cent stake in GIC would be done over a period of time, the...
by AIP Online Bureau | Apr 16, 2024 | Reinsurance
State owned GIC Re has appointed V. Balkrishna, general manager as chief financial officer & Key Managerial Personnel of the corporation in place of Jayashree Ranade, general manager, CFO & KMP of the Corporation, who will be retiring from the service on 30th...
by AIP Online Bureau | Mar 31, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management
“With a robust solvency ratio of 2.94 , we remain bullish and will grow our top line in this Apr 1 renewals. We have engaged with the market participants, especially the bigger ones. And my team is speaking to the reinsurance people to ensure that we understand...
