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Ranked
10th Largest Global Reinsurer
Group(Non-IFRS 17 Reporting Reinsurer- compiled by AM Best)
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A- (Excellent) with Stable Outlook Financial Strength Rating by AM Best.
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Domestic

As a sole reinsurer in the domestic reinsurance market, GIC Re provides reinsurance to the direct general insurance companies in the Indian market. GIC Re receives statutory cession of 4% on each and every policy subject to certain limits. It leads many of domestic companies’ treaty programmes and facultative placements. GIC Re’s capacity for each class of business on Treaty and Facultative basis for domestic business is given in the following table

Class Capacity
Property INR 40,000 mln. any one risk i.e. INR 4000 cr any one risk on PML basis
Marine Hull - USD 75 million any one vessel
Cargo - USD 75 million any one policy/sending
Energy - USD 75 million per risk
Engineering INR 25,000 mln. Sum Insured i.e. INR 2500 cr Sum Insured on PML basis
Miscellaneous INR 2500 million. Sum Insured
Liability INR 5000 million per risk
Credit INR 1350 million
Spares INR 250 million..
Health INR 2500 million.
Agriculture/Weather Insurance (Domestic) INR 4,000 crores on Sum Insured/PML basis.
Motor & Workmen Compensation INR 35 Crores (Facultative)
INR 100 Crores (Treaty)

Capacity indicated above is per risk absolute maximum

Aviation

DOMESTIC
HULL- MAV Spares - MAV LIABILITY- Occurence HWR- MAV
AIRLINES US$ 12.50 Mln US$ 20.00 Mln US$ 60.00 Mln
GENERAL AVIATION US$ 15.00 Mln US$ 15.00 Mln US$ 75.00 Mln US$ 15.00 Mln
TREATY- Proportional US$ 7.50 Mln Any One Treaty
TREATY- NonProportional US$ 07.50 Mln Any One Programme
Aerospace / Manufacturers US$ 75.00 Mln
Aviation PA/LOL Covers (Per Pilot/Crew) US$ 0.50 Mln

Life Re

Type Capacity Offered
Proportional/Facultative INR 60 crores per Life
Non-Proportional/Facultative INR 135 crores