Indian Market Terrorism Risk Insurance Pool (IMTRIP)

Indian Market Terrorism Risk Insurance Pool (IMTRIP)

Background

  • The Indian Market Terrorism Risk Insurance Pool (IMTRIP) was established in April 2002 as an aftermath of the 9/11 incident in the United States which led to worldwide withdrawal of treaty capacity for Terrorism Insurance. The Pool has till now completed 24 years of successful operations.

Capacity

  • The Pool is a multilateral reinsurance arrangement wherein risk insured by any Member is reinsured by all other members in agreed proportions.
  • The conventional fire and property policies exclude coverage for terrorism. The Pooling Arrangement enables members to provide insurance cover against terrorism risk in India on the combined underwriting capacity of all the members.
  • With effect from 01.04.2025, capacity of ₹2,500 crore per location is being provided for terrorism risk as add-on coverage under property and fire insurance policies.
  • Twenty-four non-life insurance companies and GIC Re are members of the Pool.
Contact email Id: tpool@gicre.in
पृष्ठ अंतिम बार अपडेट किया गया: 30/10/2026
आगंतुकों : 40056271
 

10th rank

Ranked 10thLargest Global Reinsurer Group(Non-IFRS 17 Reporting Reinsurer- compiled by AM Best)

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