General Insurance Corporation of India

The General Insurance Corporation of India (GIC Re) is India's leading reinsurer, meaning it provides insurance coverage to other insurance companies to help them manage risk. It operates as a government-controlled corporation, offering reinsurance for various types of insurance such as motor, health, and property. By sharing risks among multiple insurers, GIC Re helps keep insurance affordable and stable across the country. It also plays a vital role in supporting the growth of the insurance industry and ensuring financial resilience during large claims, such as natural disasters or accidents.