GICRENSEQ3 FY 20255 February 2025 General Insurance Corporation of India
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Key numbers — 40 extracted
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responsibility or liability whatsoever, whether arising in tort, contract or otherwise, for any errors, omissions or inaccuracies in such information or opinions or for any loss, cost or damage suffered o
6.8%
ance Industry Overview – Global Scenario Strong Gross Written Premium* Growth Envisaged in Future 6.8% 7.3% 8.9% 7.9% 1.3% 1.5% 3.1% 2.7% 4.8% 3.4% 5.6% 4.6% Rest of the world Japan Asia e
7.3%
ndustry Overview – Global Scenario Strong Gross Written Premium* Growth Envisaged in Future 6.8% 7.3% 8.9% 7.9% 1.3% 1.5% 3.1% 2.7% 4.8% 3.4% 5.6% 4.6% Rest of the world Japan Asia ex Japa
8.9%
y Overview – Global Scenario Strong Gross Written Premium* Growth Envisaged in Future 6.8% 7.3% 8.9% 7.9% 1.3% 1.5% 3.1% 2.7% 4.8% 3.4% 5.6% 4.6% Rest of the world Japan Asia ex Japan Wes
7.9%
view – Global Scenario Strong Gross Written Premium* Growth Envisaged in Future 6.8% 7.3% 8.9% 7.9% 1.3% 1.5% 3.1% 2.7% 4.8% 3.4% 5.6% 4.6% Rest of the world Japan Asia ex Japan Western E
1.3%
Global Scenario Strong Gross Written Premium* Growth Envisaged in Future 6.8% 7.3% 8.9% 7.9% 1.3% 1.5% 3.1% 2.7% 4.8% 3.4% 5.6% 4.6% Rest of the world Japan Asia ex Japan Western Europe
1.5%
l Scenario Strong Gross Written Premium* Growth Envisaged in Future 6.8% 7.3% 8.9% 7.9% 1.3% 1.5% 3.1% 2.7% 4.8% 3.4% 5.6% 4.6% Rest of the world Japan Asia ex Japan Western Europe North
3.1%
ario Strong Gross Written Premium* Growth Envisaged in Future 6.8% 7.3% 8.9% 7.9% 1.3% 1.5% 3.1% 2.7% 4.8% 3.4% 5.6% 4.6% Rest of the world Japan Asia ex Japan Western Europe North Ameri
2.7%
Strong Gross Written Premium* Growth Envisaged in Future 6.8% 7.3% 8.9% 7.9% 1.3% 1.5% 3.1% 2.7% 4.8% 3.4% 5.6% 4.6% Rest of the world Japan Asia ex Japan Western Europe North America Wo
4.8%
Gross Written Premium* Growth Envisaged in Future 6.8% 7.3% 8.9% 7.9% 1.3% 1.5% 3.1% 2.7% 4.8% 3.4% 5.6% 4.6% Rest of the world Japan Asia ex Japan Western Europe North America World C
3.4%
Written Premium* Growth Envisaged in Future 6.8% 7.3% 8.9% 7.9% 1.3% 1.5% 3.1% 2.7% 4.8% 3.4% 5.6% 4.6% Rest of the world Japan Asia ex Japan Western Europe North America World CAGR 20
5.6%
en Premium* Growth Envisaged in Future 6.8% 7.3% 8.9% 7.9% 1.3% 1.5% 3.1% 2.7% 4.8% 3.4% 5.6% 4.6% Rest of the world Japan Asia ex Japan Western Europe North America World CAGR 2021-31
Guidance — 1 items
“▶ The proposed project intends to impact around 2.60 lakh population.”
Risks & concerns — 2 flagged
▶ Growth expected in diversified areas such as Surety bonds, Cyber risk covers, Parametric covers etc.
— Empowering Growth
Strive to improve the rating by continued focus on balance sheet strength, operating performance, market position and enterprise risk management on an ongoing basis Healthy capitalization ▶ Significant Net Worth will now fuel Growth and Resilience.
— Empowering Growth
Opening remarks
Empowering Growth
Strategic Vision, Resilient Actions ` GIC Re – Strategic Approach and Way Forward (1/2) Leveraging its scale ▶ Leverage its position of 10th rank (Globally) based on the scale it affords and excellent credit ratings from AM Best and domestically from CARE Capitalizing International Brand Equity ▶ Holds strong brand equity especially in in Afro-Asian region and will leverage to grow in International Markets. Increasing Focus on International Market Price Increase Growth in Indian Market ▶ Planning on geographical diversification of the Portfolio post credit rating upgrade. ▶ Growth expected in diversified areas such as Surety bonds, Cyber risk covers, Parametric covers etc. Sustaining Market Share ▶ Capital requirement post Risk Based Capital implementation for Solvency pressures on Indian insurers could lead to higher cessions and growing reinsurance market size provides a perfect opportunity to sustain and maintain its market share 22 GIC Re – Strategic Approach and Way Forward (2/2)