10-rankRanked 11th Among the top
40 global reinsurance
groups by S&P Global Ratings

Page last updated on: 27/03/2017
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评级/ 排名

评级/ 排名

A.M. BEST确认GENERAL INSURANCE CORPORATION OF INDIA (GIC RE)的评级。

  • A.M. BEST确认GENERAL INSURANCE CORPORATION OF INDIA (GIC RE)的评级。A.M. A.M. Best 已确认General Insurance Corporation of India (GIC Re) (印度)的财务实力评级为A- (优等)及此保险商的信用评级为"a-"。此两项评级的前景为稳定。
  • 这些评级反映出 GIC Re经风险调后的资本雄厚,一贯利好的投资业绩,以及其在印度及海外保险市场的强健经营。
  • Favorable capital growth has lifted GIC Re`s capital position to ₹ 419 Billion (US$ 6.7 Billion) at financial year - end 2015 from ₹ 261 Billion (US$ 5.8 Billion) at financial year end 2010. Capital growth has been well in excess of insurance risk, which has increased capital buffers. GIC Re continues to have a strong profile in India`s reinsurance market where it remains the dominant player.
  • Offsetting rating factors include the poor underwriting performance of GIC Re`s overseas business, which accounts for 42% of its gross premium. Notwithstanding GIC Re`s strong risk-adjusted capitalization, change in fair value reserves could result in significant volatility due to company`s high level of equity investments. Regulatory changes could increase competition for GIC Re in its domestic market. However amendments are still evolving, and the impact on GIC Re remains to be seen.
  • Positive rating momentum could result from a consistent improvement in GIC Re`s underwriting performance, especially in its overseas business.
  • Negative rating momentum could result from an unexpectedly large decline in risk adjusted capitalization as a result of adverse fair value movements and a deteriorating trend in overall results.
  • "Best`s Rating Reports reproduced on this site appear under license from A.M. Best Company and do not constitute either expressly or implicitly, an endorsement of (Rated Entity) `s products or services. Best`s Rating Report are the copyright of A.M Best Company and not be reproduced or distributed without the express written consent of A.M. Best Company. Visitors to this website are authorized to print a single copy of the rating report displayed here for their own use. Any other printing, copying or distribution is strictly prohibited".
    "Best`s rating are under continual review and subject to change or affirmation. To confirm the current rating refer www.ambest.com"
  • View Certificate PDF file that opens in new window. To know how to open PDF file refer Help section located at bottom of the site. (355 KB)

CARE再次确认GENERAL INSURANCE CORPORATION OF INDIA (GIC RE)索赔缴付能力的评(23 March 2016)

  • CARE确认General Insurance Corporation of India (GIC Re)索赔缴付能力的AAA (In)评级.
  • GIC Re作为印度政府全资拥有的企业的评级因素、GIC Re作为唯一国营再保险商在印度保险业中的地位、良好偿付能力状况及充足的流动资金.
  • GIC Re is wholly owned by GoI and it is the sole national reinsurer. Apart from the domestic operations, GIC Re has overseas offices namely, representative office in Moscow and branch offices in London, Dubai and Malaysia. GIC Re also has presence in Bhutan through its joint venture, GIC Bhutan Re (GIC Re holds 26% stake) and in South Africa through its wholly owned subsidiary, GIC Re South Africa Limited. GIC Re is present in various segments of which major segments are fire, health, motor and marine.
  • GIC Re reported a PAT of Rs.2,694 crore on Gross Premium Written (GPW) of Rs.15,184 crore in FY15 as against a PAT of Rs.2,253 crore on GPW of Rs.14,680 crore during FY14. Of the total GPW of Rs.15184 crore, 57% is attributable to domestic business and 43% to foreign business. In 9MFY16, the company reported a PAT of Rs.1,637 crore on Gross Premium Written of Rs.12,671 crore. Solvency margin stood at 3.04 times as on March 31, 2015 and at 3.52 times as on December 31, 2015.
  • View Certificate PDF file that opens in new window. To know how to open PDF file refer Help section located at bottom of the site. (454 KB)

 

Ranked 11th Among the top
40 global reinsurance
groups by S&P Ranking