Team GIC Re led by Mr. Ashok K Roy visited Nepal from 5th June to 8th June this year. The focus of the visit was to re-strengthen the relations between Nepalese Insurance Industry and GIC Re. In addition to meeting the various Nepalese insurers, team GIC Re also met senior officials including Prof. Dr.Fatta Bahadur K.C. Chairman,of Nepal Beema Samiti, the Nepalese Insurance Regulator. Mr. Roy also addressed the Nepal Insurers Association. In his speech CMD – GIC Re informed about GIC Re's financial results for 2011-12. He emphasised on the fact that GIC Re valued its relationship with Nepal and is dedicated to the development of Nepal Insurance Market. He also explained the need of introduction of Event Limits on account of Solvency II regulations. Mr. Roy offered a strategic partnership with Nepal, for exchange of technical knowledge and underwriting skills for a period of about 3 years.
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