GICRE

General Insurance Corporation of India (GIC Re) operates in the reinsurance and insurance industries, providing critical capacity and risk solutions to direct general and life insurance companies. It serves primarily the Indian market as well as approximately 137 countries globally. GIC Re is the sole Indian reinsurer and has evolved from managing general insurance business in India into a global reinsurance provider. The company maintains a dominant market share of about 51% to 52% in India, establishing itself as the largest reinsurer in the Indian domestic market. Its core business segment is reinsurance.