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Gallagher Re is a full-service global reinsurance broking and advisory firm operating across the risk and capital spectrum.
By combining analytics capabilities with reinsurance expertise, strategic advisory services and transactional excellence, we help clients drive greater value from their businesses,
negotiate optimum terms and achieve their risk transfer objectives. Our global client base includes all the world’s top insurance and reinsurance carriers, as well as national catastrophe schemes in many countries around the world.
Backed by Gallagher, one of the world's largest insurance brokerage, risk management and benefits consulting companies, we're more connected to the places you do business. Whether your operations are global, national or local, we have the talent, market position and trusted relationships to build the best solutions possible.
The entire general insurance business in India was nationalised by the General Insurance Business
(Nationalisation) Act, 1972 (GIBNA).
The Government of India (GOI), through nationalisation, took over the shares of 55 Indian insurance
companies and the undertakings of 52 insurers carrying on general insurance business.
General Insurance Corporation of India (GIC) was formed in pursuance of Section 9(1) of GIBNA.
It was incorporated on 22 November 1972 under the Companies Act, 1956 as a private company limited by
shares.
GIC was formed for the purpose of superintending, controlling, and carrying on the business of general
insurance. As soon as GIC was formed, GOI transferred all the shares it held of the general insurance
companies to GIC. Simultaneously, the nationalised undertakings were transferred to Indian insurance
companies.
After a process of mergers among Indian insurance companies, four companies were left as fully owned
subsidiary companies of GIC:
National Insurance Company Limited.
The New India Assurance Company Limited.
The Oriental Insurance Company Limited.
United India Insurance Company Limited.
The next landmark occurred on 19 April 2000, when the Insurance Regulatory and Development Authority
Act, 1999 (IRDAA) came into force.
This Act introduced amendments to GIBNA and the Insurance Act, 1938, removing the exclusive privilege
of GIC and its subsidiaries to carry on general insurance business in India.
In November 2000, GIC was re-notified as the Indian Reinsurer, and through administrative instructions,
its supervisory role over the four subsidiaries was ended.
With the General Insurance Business (Nationalisation) Amendment Act, 2002 (40 of 2002) coming into
force from 21 March 2003, GIC ceased to be a holding company of its subsidiaries.
The ownership of the four erstwhile subsidiary companies and the General Insurance Corporation of India was vested with
the Government of India.
As a global reinsurer, Pacific Life Re works with over 100 key clients across 16 time zones – from the UK and Europe to North America, Australia, and Asia. We are committed to supporting our partners with our innovative solutions, data analytics expertise, and technology-driven underwriting decisions. Supported by nearly 160 years of Pacific Life’s heritage, we offer financial strength, global reach, and long-term value for protection, savings and retirement, or capital solutions. At Pacific Life Re, we’re not just shaping the future – we’re redefining reinsurance and inspiring confidence for generations.
Reinsurance Group of America, Incorporated (NYSE: RGA) is a global industry leader specializing in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital. Founded in 1973, RGA is today one of the world’s largest and most respected reinsurers and remains guided by a powerful purpose: to make financial protection accessible to all. As a global capabilities and solutions leader, RGA empowers partners through bold innovation, relentless execution, and dedicated client focus — all directed toward creating sustainable long-term value. RGA has approximately $4.0 trillion of life reinsurance in force and assets of $128.2 billion as of March 31, 2025. To learn more about RGA and its businesses, please visit rgare.com or follow RGA on LinkedIn and Facebook. Investors can learn more at https://www.rgare.com/
Established in 1943, K. A. Pandit has navigated a historical journey of 80 years. It is the oldest Actuarial Firm in India. Our central working theme of a ‘client centric approach’ finds us in the constant endeavour to understand our clients better, address their needs and find innovative business solutions for them, which in fact, also derives its inspiration from our business tag line “We work for you, wherever your business takes you!’’ We have 3 distinguished service lines namely – Employee Benefits, Insurance and Corporate Solutions catering to 5000+ clients across globe. We strongly believe in building meaningful relationships, facilitating sustainable growth and development for the business while nurturing purposeful contributions to the society and world.
Established in 2000, HDFC Life is a leading, listed, long-term life insurance solutions provider in India, offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings, Investment, Annuity and Health.
The Company has over 70 products (individual and group products) including optional riders in its portfolio, catering to a diverse range of customer needs.
HDFC Life continues to benefit from its increased presence across the country, having a wide reach with branches and additional distribution touch-points through several new tie-ups and partnerships.
The count of distribution partnerships is over 500, comprising banks, NBFCs, MFIs, SFBs, brokers, new ecosystem partners amongst others. The Company has a strong base of financial consultants. For more information, please visit www.hdfclife.com.
You may also connect with us on Facebook, Twitter, YouTube and LinkedIn.
Bandhan Life Insurance is committed to making financial protection simple, accessible, and relevant for every Indian. Built on a customer-first philosophy,
we leverage advanced technology to create seamless, transparent, and hassle-free insurance experiences—from policy purchase to claims. Our focus is on closing India’s protection gap by
offering solutions that meet the evolving needs of Emerging India’s self-made, aspirational population.
Guided by our brand promise, “Bharat ki Udaan, Bandhan Se,” we strive to be more than just an insurer—we aim to be a long-term partner in our customers’ financial journeys.
Our leadership team brings together deep expertise across insurance, technology, and financial services, united by a shared vision to consistently put the customer at the centre of everything we do.
At Bandhan Life, every innovation is driven by a single purpose: to deliver trust, protection, and long-term financial confidence.
About HDFC ERGO: HDFC ERGO General Insurance Company Limited, one of the leading private sector general insurance companies of India, whose promoters are HDFC Bank Limited,
one of India’s leading private sector banks, and ERGO International AG, the primary insurance entity of Munich Re Group. A digital-first company, transforming into an AI-first company,
HDFC ERGO is a leader in implementing technology to offer customers the best-in-class service experience.
HDFC ERGO offers a complete range of General Insurance products including Health,
Motor, Home, Agriculture, Travel, Credit, Cyber and Personal Accident in the retail space along with Property, Marine, Engineering, Marine Cargo, Group Health and Liability Insurance in the
corporate space. Be it unique insurance products, integrated customer service models, top-in-class claim processes or a host of technologically innovative solutions, HDFC ERGO has been able to delight
its customers at every touchpoint and milestone. The Company has created a stream of innovative & new products as well as services using technologies like Artificial Intelligence (AI), Machine Learning
(ML), Natural Processing Language (NLP), and Robotics.
HDFC ERGO offers a range of general insurance products and has a completely digital sales process with 299 branches and 600+ digital offices
across India. HDFC ERGO’s technology platform has empowered the customers to avail services digitally on a 24x7 basis, with 70%+ claims for retail products intimated digitally and over 80% of service
interactions are catered digitally of which 10% are AI led. The Company issued ~3.4 crore policies in FY25 and has one of the best claims payout ratios in the General Insurance industry.
With roots dating back to 1889, the Society of Actuaries (SOA) is the world’s largest actuarial professional organization, with more than 34,000 actuaries as members in over 100 countries worldwide. The SOA’s purpose is to empower its members to drive solutions to life’s financial risks. To learn more, visit soa.org.
Niva Bupa Health Insurance Company Limited is a Public Listed Company on Stock exchange(s). The company is committed to offering every Indian the confidence to access the best healthcare. It intends to play the role of an enabler in the lives of its customers and help them live life without constraints. This is reflected in its brand philosophy - ‘Zindagi Ko Claim Kar Le'.
As of December 31, 2024, Niva Bupa has over 212 branches across 22 states and 4 union territories in India. It additionally offers health insurance through its ecosystem partners including 1.7+ Lakh agents, 500+ bank brokers, and close to 100 Banca & Other Corporate Agency Partners. The company currently, covers 19.8 million+ lives and has 10,299 hospitals empaneled in its hospital network.
Niva Bupa has an annual average of 90%+ claim settlement ratio over the last 3 financial years. With an employee base of over 8,800 people, the company is a certified Great Place to Work five times in a row.
