General Insurance Corp of India 2020 AR2
The report highlights General Insurance Corporation of India's (GIC Re) financial and operational performance for the fiscal year 2019-20. Despite facing challenges from successive global natural catastrophes and the onset of the COVID-19 pandemic, the company maintained its leadership in the domestic Indian reinsurance market, which contributed 71% of its premium income. GIC Re expanded its global footprint by operationalizing its subsidiary in Moscow and upgrading its license in Brazil to an 'Admitted Reinsurer.' Additionally, the company actively engaged in various corporate social responsibility initiatives, focusing on healthcare, education, and community development across India.
Company: General Insurance Corp of India
Sector: Finance & insurance
Country: India
Year: 2020
Type: AR2
Pages: 404
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General Insurance Corp of India
Annual Report
The report highlights General Insurance Corporation of India's (GIC Re) financial and operational performance for the fiscal year 2019-20. Despite facing challenges from successive global natural catastrophes and the onset of the COVID-19 pandemic, the company maintained its leadership in the domestic Indian reinsurance market, which contributed 71% of its premium income. GIC Re expanded its global footprint by operationalizing its subsidiary in Moscow and upgrading its license in Brazil to an 'Admitted Reinsurer.' Additionally, the company actively engaged in various corporate social responsibility initiatives, focusing on healthcare, education, and community development across India.
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Document Details
Report Year
2020
Reporting Period
Apr 1, 2019 - Mar 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees