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GIC Re: Competition is good for the Indian market

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Source: Asia Insurance Review | Sep 2015

The recent amendment to the Insurance Act in India has drawn the attention of the reinsurance industry worldwide to the Indian market with a number of global players ready to set up branches in the country. State-owned GIC Re has been the sole domestic reinsurer in the market and the company is preparing itself to take on competition on its home turf. In an exclusive interview with Asia Insurance Review, Mr K Sanath Kumar, who became Acting Chairman cum Managing Director on 1 August, speaks on the immediate priorities and challenges before him. By Jimmy John

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