Aman Manchanda has been appointed as Principal Officer of the branch of Eurasia Insurance Company. Mr Manchanda has over 20 years of professional experience in the reinsurance sector within the Indian market, with extensive expertise in underwriting, business development, and regulatory compliance.
Eurasia Insurance has been providing reinsurance coverage for facultative placements and treaty on both proportional and non-proportional basis in the Indian insurance market for more than 20 years, including CAT Risks, Property, Energy, Aviation, Marine, Non-marine Cargo, Motor, Crop, Miscellaneous Accident and others.
Amendments adopted in Indian legislation have granted local companies a pre-emptive right in underwriting risks, including in the reinsurance sector. The opening of a branch therefore represents a logical and strategic step in the further development and deepening of the company’s operations in India.
Historically, India has been one of the key markets in Eurasia Insurance’s international reinsurance portfolio. The company has established strong professional ties and long-term relationships within the local market. Indian insurers are well familiar with Kazakhstan and recognize Eurasia as a reliable and financially stable partner.
Over many years of cooperation with the Indian insurance market, Eurasia Insurance Company has made reinsurance payments in respect of reinsurance programs for all line of business in full and properly on time. The Indian branch remains committed to provide the best service in claims settlement in accordance with Eurasia Insurance’s high-level standards.
The establishment of a branch in GIFT City reflects not only Eurasia’s commitment to strengthening its presence in India but also its broader strategic ambition to expand cooperation across the Indian Subcontinent and the wider SAARC region. GIFT City provides a highly efficient regulatory and financial platform that enables international reinsurers to conduct business in India while simultaneously building cross-border operations throughout South Asia. Leveraging this international financial centre, Eurasia intends to broaden its client base, diversify geographic exposure, and enhance collaboration with insurers across SAARC countries.
Owing to the specific features of Indian legislation, the establishment of its own branch will enable Eurasia Insurance Company to expand its client portfolio and increase gross written premiums, while operating within a competitive and transparent regulatory framework. In addition to its extensive underwriting expertise, the company’s competitive advantage lies in its strong financial stability ratings, confirmed by international rating agencies, including S&P (“BBB”, stable outlook) and AM Best (B++, positive outlook).
License No. 2.1.20 dated December 26, 2022 issued by The Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market.