GIC Re has announced the availability of its latest investor presentation. The presentation details the company’s strategic initiatives and growth plans, as well as industry overviews and key financial data as of November 2025. Key highlights include a discussion of the global reinsurance sector, the company’s strengths, and its approach to sustainability. The presentation is available on the company’s website.
Reinsurance Industry Overview
The investor presentation highlights strong growth prospects for the global reinsurance industry, with potential for further price increases. The market size is expected to grow from approximately USD 642 Billion in 2023 to USD 2,001 Billion in 2034, representing a robust CAGR of 11%. The sector maintains a stable outlook.
GIC Re: Key Strengths
GIC Re emphasizes its position as the only listed reinsurance company in India. As of FY24, GIC Re holds approximately 51% of the Indian market share. Key strengths include efficient asset management, prudent underwriting practices, and a strong international presence. The company also has a non-cyclical business model that provides stable returns.
Financial Highlights
GIC Re reported gross written premiums of INR 41,955 Cr in FY25, with a combined ratio of 108.1%. The solvency ratio is 370%, indicating healthy capitalization. GIC Re’s net worth excluding FVC was INR 46,669 Cr.
Strategic Approach
GIC Re focuses on several strategic priorities, including leveraging its scale, adopting advanced modeling capabilities, and maintaining a strong focus on underwriting profitability. Other key areas of focus include managing catastrophe reserves in light of climate change, improving credit ratings, and maintaining a healthy capitalization.
ESG Initiatives
GIC Re is committed to sustainability and has implemented various environmental and social responsibility initiatives. These include responsible consumption, environment-friendly business practices, and protecting the environment. The company also emphasizes robust governance through strong management and board committees, a zero-tolerance approach towards fraud, and effective cybersecurity policies.
Source: BSE