CMD - General Insurance Corporation of India

[CMD - General Insurance Corporation of India @CMD_GICRe]

It's time Indian policy response is put in global perspective and industry context for business like reinsurance.
To paint Indian policy as protectionist is a case of black-and-white thinking - The Financial Express
https://t.co/4pDZ03yvyt
@rajeevkumr @SecretaryDEA @irdaindia

[General Insurance Corporation Of India (GIC Re) @GIC_Re]

GIC Re had booked a premium of Rs 41,799 crore during FY18 registering a growth of 24.5%, improving its ranking from 12th in previous year to achieve 10th global position. @Rajeevkumr @SecretaryDEA @DFS_India

[General Insurance Corporation Of India (GIC Re) @GIC_Re]

GIC Re achieves yet another milestone - becomes 10th largest global reinsurer during FY18, as published by Standard & Poor’s . @Rajeevkumr @SecretaryDEA @DFS_India

[CMD - General Insurance Corporation of India @CMD_GICRe]

GIC Re declares Q1FY19 results -
Combined ratio maintained at 99.9% -
Net Worth increases by 21.6% -
Return on Equity is 13.8% (annualized).
@rajeevkumr

[CMD - General Insurance Corporation of India @CMD_GICRe]

GIC Re declares Q1FY19 results - records growth of 9.3% in quarterly premium y-o-y and
Profit After Tax jumps by 97.7% to INR 771.42 Crore
@rajeevkumr

[CMD - General Insurance Corporation of India @CMD_GICRe]

My article on Balancing insurance risk and rewards in today's Financial Express Opinion page. https://t.co/9GaegMpWmK

[CMD - General Insurance Corporation of India @CMD_GICRe]

Heartening to see similar views shared by Mr Dasgupta, ICICI Lombard GIC.

[CMD - General Insurance Corporation of India @CMD_GICRe]

GIC Re has been trying to maintain actuarial pricing levels for crop insurance in the market to ensure sustainability of the scheme.

[CMD - General Insurance Corporation of India @CMD_GICRe]

Lloyd's Syndicate 1947 launched by GIC Re will boost our presence on international stage.

[CMD - General Insurance Corporation of India @CMD_GICRe]

GIC Re will respond proactively to meet market need for health reinsurance, the way it was done for crop reinsurance.

[CMD - General Insurance Corporation of India @CMD_GICRe]

Participated with other industry leaders at Haitong Financials Conference this morning.

[CMD - General Insurance Corporation of India @CMD_GICRe]

There would be a handful of Indian companies or Indian MNCs who have achieved global scale. I am happy to say that GIC Re is about to emerge among top 10 globally.

[CMD - General Insurance Corporation of India @CMD_GICRe]

Few years back Warren Buffet had observed that float can go down or up but further gains in float will be tough for Berkshire. But in this market for GIC Re, float can only increase – it is a one-way street

[CMD - General Insurance Corporation of India @CMD_GICRe]

Investment Assets increased by 24.9% y-o-y to ₹1,07,671.95 crore as on 31.12.2017 #GICReResults

[CMD - General Insurance Corporation of India @CMD_GICRe]

Solvency Ratio of 1.87 as on 31.12.2017 was much above the minimum required Solvency Ratio of 1.50 #GICReResults

[CMD - General Insurance Corporation of India @CMD_GICRe]

Return on Equity (Annualized) improved to 15.9% in nine months of current financial year as compared to 4.8% in the similar period last year, showing a growth of 331.3% #GICReResults

[CMD - General Insurance Corporation of India @CMD_GICRe]

Growth in net worth was 31.4% y-o-y at ₹54591.20 crore #GICReResults

[CMD - General Insurance Corporation of India @CMD_GICRe]

We had an exceptionally good quarter - combined ratio improved y-o-y to 101.1 % from 105.9 % #GICReResults

[CMD - General Insurance Corporation of India @CMD_GICRe]

Incurred Claims Ratio decreased to 84.7% for the period from 87.4 % y-o-y #GICReResults

[CMD - General Insurance Corporation of India @CMD_GICRe]

GIC Re’s net profit jumped five-fold y-o-y to ₹2,481.99 crore from ₹554.82 crore #GICReResults