Gen Re Receives Reinsurance Branch License in India
Gen Re has received approval from the
The Indian insurance market is a huge business opportunity waiting to be harnessed. The new branch structure will now allow Gen Re to deliver underwriting and risk management expertise locally rather than cross-border. It will facilitate an optimal business model, both efficient in process and highly beneficial to clients. Gen Re has already been committed to the Indian market for the past 15 years through various channels, most recently through a local support services company in
Speaking recently,
"The new structure will enable us to provide technical and risk management services locally. Beyond classic reinsurance of traditional lines of business, the development of innovative life and health insurance products with and for our clients is at the core of our value proposition. We are now ideally positioned to meet the demands and challenges of the market," added
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