Events & Visits

A dividend cheque of R1,445.56 crore for FY2024-25 was presented to the Government of India.In the frame (standing L to R) - Shri V. Balkrishna, CFO, GIC Re; Dr. Parshant Kumar Goyal, Joint Secretary, Department of Financial Services, Ministry of Finance;Hon'ble Finance Minister Smt. Nirmala Sitharaman ;Shri Hitesh Joshi, Executive Director, Additional Charge of CMD, GIC Re; Ms. Jayashri B., Executive Director, GIC Re.

28.08.2021: Shri Devesh Srivastava, CMD inaugurated the solar project at Shree Pragnachakshu Mahila Seva Kunj at Umergaon under a CSR project Shree Pragnachakshu Mahila Seva Kunj (SPMSK) is an organization which work in the field of visual impairment. They have been operating for the last 22 years. SPMSK has a vision to uplift the socio – economic conditions of blind boys, girls and women. The thrust is to make them self-sufficient by providing education, facilities like lodging, boarding and transportation, employment opportunities, thereby making them self – reliant and confident to live and participate in the society. They have 4 center’s – Ahmedabad, Morbi, Surendranagar and Umergaon. The function was attended by Padmashree Muktaben Dagli, Secretary, Shri Navin Maniar, President and other dignitaries of SPMSK.

GIC has been associated with them for the last 3 years through various projects. Through this solar project, GIC would be aiding 100 visually impaired persons directly.

GIC Re team from HO Mr. Devesh Srivastava, General Manger, Mr. Rajesh Laheri, Chief Manager and Mr. Bibekanand Sahu, Senior Manager visited Boston from 20th  Oct, 2019 to 22nd Oct, 2019 to attend American  Property Casualty Insurance Association (APCIA) annual meeting.  RIWW team has been attending APCIA annual meeting since the last 6 years.

The Annual Meeting is a chance to network with APCIA members and non-members: insurers, reinsurers, and brokers of USA territory. It brings together leaders in the property-casualty insurance industry. The conference explores a wide range of topics to help senior management stay on top of critical developments and discover new and more efficient ways of doing business.

In addition to networking, the Annual Meeting presents General Sessions with Speakers drawn from various disciplines—economic, historical, political, and regulatory and examine key issues and the broader implications for insurance and reinsurance  business decisions. Industry-centric panel discussions were also a highlight of these sessions.

GIC Re team met with various present and prospective cedants and brokers during the conference. The meetings went very well. The continuity shown by GIC Re is much appreciated by the US market and displays our long-term commitment to the market. Being the most developed market in the world and with almost 40% of the world premium emanating from there, a major global player like GIC Re should make its presence in the market more visible. This is in tandem with the long term strategic thought of the Corporation.

The Singapore International Reinsurance Conference (SIRC) provides insurance professionals a forum to meet and discuss issues of the present, while taking stock of developments in the reinsurance market; and starting preparations for the following year’s treaty renewals.

The event of the theme for the SIRC 2019 was  “the Winds of Change”.   

With the theme: ‘Winds of Change’, the 16th SIRC addressed pressing industry issues such as the increasing frequency and severity of extreme weather events caused by climate change, industry disruption and digital transformation, as well as the sustainability of the (re)insurance business model as operating margins narrow in the various sessions during the conference. While prominent thought-leaders from the industry shared their insights and experience on these issues over three intensive conference sessions, a large number of bilateral business meetings were held across meeting tables in the Lloyd’s Coffee House and the private meeting rooms hosted by over 200 participating companies on the conference floor.
GIC Re had nominated eight officials from head office and two officials from the Malaysia Branch.