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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.

Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that protect and grow their businesses.

Follow Aon on LinkedIn, X, Facebook and Instagram. Stay up-to-date by visiting Aon’s newsroom and sign up for news alerts here.

Our global Reinsurance site https://www.aon.com/en/capabilities/reinsurance and Strategy and Technology Group | Aon, since Reinsurance Solutions India and STG are co-sponsors.

ICICI Lombard is the leading private general insurance company in the country.The Company offers a comprehensive and well-diversified range of products through multiple distribution channels, including motor, health, crop, fire, personal accident, marine, engineering, and liability insurance. With a legacy of over 2 decades, ICICI Lombard is committed to customer centricity with its brand philosophy of ‘Nibhaye Vaade’. The company has issued over 37.6 million policies, over 3.2 million claims processed and has a Gross Written Premium (GWP) of ₹ 282.58 billion for the year ended March 31, 2025.

ICICI Lombard has 328 branches and 15,123 employees, as on March 31, 2025. ICICI Lombard has been a pioneer in the industry, being the first large-scale insurance company in India to migrate its entire core systems to the cloud. With a strong focus on being digitally-led and agile, the company has introduced multiple AI-powered insurance solutions. The company’s flagship insurance and wellness app, IL TakeCare, which has received over 18.4 million downloads, also offers the industry’s first Face Scan feature. The company has won several prestigious awards- including the Insurance Asia, ICC Emerging Asia Insurance, ET BFSI Exceller, ET Corporate Excellence, Golden Peacock, FICCI Insurance, Assocham, Stevie Asia Pacific, and National CSR in recognition of its various initiatives. For more details log on to https://www.icicilombard.com/.

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/

SBI Life Insurance (‘SBI Life’ / ‘The Company’), one of the most trusted life insurance companies in India, was incorporated in October 2000 and is registered with the Insurance Regulatory and Development Authority of India (IRDAI) in March 2001.

Serving millions of families across India, SBI Life’s diverse range of products caters to individuals as well as group customers through Protection, Pension, Savings and Health solutions.

Driven by ‘Customer-First’ approach, SBI Life places great emphasis on maintaining world-class operating efficiency and providing hassle-free claim settlement experience to its customers by following high ethical standards of service. Additionally, SBI Life is committed to enhance digital experiences for its customers, distributors and employees alike.

SBI Life strives to make insurance accessible to all, with its extensive presence across the country through its 1,154 offices, 28,534 employees, a large and productive network of about 268,792 agents, 73 corporate agents and 9 bancassurance partners with more than 40,000 partner branches, 149 brokers and other insurance marketing firms.

In addition to doing what’s right for the customers, the company is also committed to provide a healthy and flexible work environment for its employees to excel personally and professionally.

SBI Life strongly encourages a culture of giving back to the society and has made substantial contribution in the areas of child education, healthcare, disaster relief and environmental upgrade. In 2024-25, the Company touched over 53,000 direct beneficiaries through various CSR interventions.

Listed on the Bombay Stock Exchange ('BSE') and the National Stock Exchange ('NSE'), the company has an authorized capital of Rs. 20.0 billion and a paid-up capital of Rs. 10.0 billion. The AuM is Rs. 4,814.6 billion.

For more information, please visit our website-www.sbilife.co.in and connect with us on Facebook, Twitter, YouTube, Instagram, and LinkedIn.

(Numbers & data mentioned above are for the period ended September 30, 2025)

Star Union Dai-ichi Life Insurance (SUD Life) is a joint venture formed in 2009 between two major Indian PSU banks, Bank of India and Union Bank of India, and Japan’s Dai-ichi Life International Holdings LLC.

They have served over 15 million customers through more than 20,000 partner bank branches across India. Their network also includes 1,950 rural bank branches, ensuring insurance reaches remote and underserved communities.

SUD Life focuses on creating insurance products that meet diverse customer needs across all segments of society. Backed by our promoters’ 100+ years of commitment and combined strengths, they strive to deliver trust, protection, and long-term value. With customer-centric innovation, strong governance, and a growing distribution footprint, their aim is to become a leading name in India’s life insurance sector while delivering value to all stakeholders.

Swiss Re is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. It anticipates and manages risk – from natural catastrophes to climate change, from ageing populations to cyber crime. The aim of the Swiss Re Group is to enable society to thrive and progress, creating new opportunities and solutions for its clients.

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.

Swiss Re is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. It anticipates and manages risk – from natural catastrophes to climate change, from ageing populations to cyber crime. The aim of the Swiss Re Group is to enable society to thrive and progress, creating new opportunities and solutions for its clients.

PNB MetLife India Insurance Company Limited (PNB MetLife) is one of the leading life insurance companies in India that combines the financial strength of MetLife, Inc. with the credibility of PNB, one of the India's oldest nationalized banks. PNB MetLife’s positioning, Milkar Life Aage Badhaein, is demonstrated through its customer-centric innovations and employee empowerment practices.

With a strong presence in 182 branches and access to customers in over 20,000 locations through bank partnerships, PNB MetLife offers a comprehensive insurance solutions portfolio covering Child Education, Family Protection, Long-Term Saving and Retirement. The Company has a wide range of protection and retirement products available through its sales channel of over 36,000 financial advisors and multiple bank partners and caters to over 585 group relationships in India.

For more information, please log in to:
Facebook - www.facebook.com/PNBMetLife
Instagram - https://www.instagram.com/pnb_metlife or
visit - https://www.pnbmetlife.com/

For more than 100 years, the Casualty Actuarial Society (CAS) has been the trusted global leader in General Insurance actuarial education.

Established in 1914, the CAS is the world’s only actuarial organization devoted exclusively to Property & Casualty risks, making it uniquely positioned to shape the future of general insurance professionals.

With a global network of 11,000+ accomplished actuaries, the CAS is recognized for its rigorous ACAS and FCAS credentials, regarded worldwide as the GOLD standard in Property & Casualty expertise.

What sets the CAS apart is its focus on real-world, industry-ready skills: deep analytical training, advanced model-building, and a specialized curriculum that goes far beyond traditional actuarial programs.

The CAS continues to lead, innovate, and inspire; developing professionals who shape the world of insurance, risk management, and data-driven decision-making.

At ICICI Prudential Life, we operate on the core philosophy of customer-centricity. We offer long-term savings and protection products to meet the different life stage requirements of our customers. We have developed and implemented various initiatives to provide cost-effective products, superior quality services, consistent fund performance and a hassle-free claim settlement experience to our customers.

In FY2015 ICICI Prudential Life became the first private life insurer to attain assets under management of ₹1 trillion. ICICI Prudential Life is also the first insurance company in India to be listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Our numbers tell a story of trust:

99.3% Claim Settlement Ratio as of FY2025

1 Day Claim Settlement

9.1 crore lives secured as of March 31, 2025

₹27,924 crore claims paid till date

The Institute and Faculty of Actuaries (IFoA) is the UK's only chartered professional body dedicated to educating, developing and regulating actuaries based both in the UK and internationally.

The IFoA regulates and represents over 32,000+ members worldwide, overseeing their actuarial education at all stages of qualification and development throughout their careers. We set examinations, continuing professional development, professional codes and disciplinary standards for our members.

The Institute and Faculty of Actuaries came into being on 1 August 2010 as a result of the merger of the Institute of Actuaries in England and the Faculty of Actuaries in Scotland after members of both bodies voted to merge their respective organisations.

At ACTEX, we are passionate about helping people become actuaries. Earning actuarial credentials takes dedication and commitment, and we bring that same diligence and enthusiasm to everything we create. As a Benefit Corporation and trusted academic publisher for over 50 years, we are committed not only to high-quality education, but to serving the broader actuarial community.

We strive to provide the most current, reliable, and comprehensive study resources, so you can focus on what matters most—learning and exam success. Our products continue to evolve in both content and technology, bringing together manuals, practice, and digital tools to support every learning style. While much has changed at ACTEX over the past five decades, one thing remains constant:
our unwavering commitment to empowering students, educators, and the actuarial profession.

Institute of Insurance and Risk Management (IIRM), Hyderabad is a unique institution promoted by the Regulator IRDAI and Govt. of Telangana mandated to provide human resources for the BFSI sector mostly specifically for Insurance industry.

With the growing need for the actuarial profession and the clarion call given by the Government to enhance the availability of Actuarial professionals, IIRM has started a 2-year full-time Post Graduate Diploma in Actuarial Science (PGDAS) with widely experienced faculty, excellent infrastructure combined with innovative pedagogy, and rigorous learning processes for the actuarial aspirants. This program is accredited by the IAI.

Institute constantly endeavors to provide its students with excellent learning through experiential methodology and curriculum that matches contemporary industry requirements.

It is built on 5 acres’ land and is located in the financial district, state of Telangana. The Institute is surrounded by financial services companies and fintech echo systems.

Institute also has its flagship program of 2-year full-time Post-Graduate Diploma in Management (PGDM) with Actuarial Science as a specialization which enables the students to gain exemption of specific papers from IAI. Institute is the right platform for transforming students into global leaders of tomorrow.

Insurance Institute of India (III), established in 1955 and formerly known as the Federation of Insurance Institutes, is India’s premier professional body dedicated to insurance education, training, and research. Supported by six leading public sector insurance organizations, III plays a pivotal role in developing skilled insurance professionals across the country.

The Institute functions through a strong network of 91 Associated Institutes nationwide, with affiliated members in Sri Lanka and Bhutan. III conducts professional examinations at the Licentiate, Associateship, and Fellowship levels, along with specialized diploma and certificate programmes, delivered through 146 centres in India and 16 overseas locations.

Recognized by the Insurance Regulatory and Development Authority of India (IRDAI), III serves as a key training and examining body for insurance intermediaries. Its training arm, the College of Insurance, recognized as an institution of higher learning, offers postgraduate programmes, research initiatives, and customized capacity-building solutions, reinforcing III’s national and international standing.

National Insurance Academy (NIA) is a premier institution devoted to equipping the insurance industry with the best of talents. Its close association with the Insurance industry provides the 'real life' reference to its training, education, research and consultancy activities.

NIA was established in 1980 jointly by the Ministry of Finance - Government of India, Life Insurance Corporation of India, General Insurance Corporation of India, The New India Assurance Company, National Insurance Company, United India Insurance Company and The Oriental Insurance Company on 16th December, 1980 in Mumbai to be the institute of excellence in learning and research in Insurance, Pension and allied areas. The Academy was shifted to Pune on 4th June, 1990 with the state-of-the-art facilities for learning and research.

Initial years of NIA were dedicated to Management Development Programmes catering to the insurance industry professionals to enhance the management skills. Later, the two year Post Graduate Diploma in Management course was initiated to fulfil the growing demand of skilled professionals in Insurance and Risk Management. The programme offers dual expertise in management and Insurance.

The Academy has a sprawling (approximately 32 acres) campus housing the administrative, academic, hostel and residential facilities amidst lush greenery. The campus is self-sufficient with a Bank, Post Office, Dispensary, Sports, Gymnasium and Swimming Pool facilities.

Axis Max Life Insurance Limited, formerly known as Max Life Insurance Company Limited, is a Joint Venture between Max Financial Services Limited (“MFSL”) and Axis Bank Limited. Axis Max Life Insurance offers comprehensive protection and long-term savings life insurance solutions through its multi-channel distribution, including agency and third-party distribution partners. It has built its operations over two decades through a need-based sales process, a customer-centric approach to engagement and service delivery and trained human capital. As per annual audited financials for FY2024-25, Axis Max Life has achieved a gross written premium of INR 33,223 Cr.

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.

Incorporated in 2007, Canara HSBC Life Insurance Company Limited is a joint venture promoted by Canara Bank (36.5 per cent) and HSBC Insurance (Asia Pacific) Holdings Limited (25.5 per cent). Punjab National Bank is also a shareholder of the Company, holding 13% as an investor, while the remaining 25% is held by other public shareholders and other investors. As a bancassurance-led insurance company with its corporate office at Gurugram, Haryana and more than 100 branch offices as of September 30, 2025, pan India, Canara HSBC Life brings together the trust and market knowledge of public and private banks.

For more than 17 years now, Canara HSBC Life Insurance has sold insurance products to customers through multiple channels and a well-diversified network of Canara Bank, HSBC Bank and its other bancassurance partners located in multiple [Tier 1, 2 and 3] cities across the country. Canara HSBC Life Insurance has a vast portfolio of life insurance solutions and offers various products across individual and group spaces comprising of life, term plans, retirement solutions, credit life and employee benefit segments through partner banks and digital.

With an aim to provide simpler insurance and faster claim process, Canara HSBC Life Insurance intends to keep the promises of their customers alive with their “Promises Ka Partner” philosophy.


Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 43,000 people worldwide. Additional information can be found at: www.chubb.com.

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.

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.

Shriram Life Insurance is a reliable name in the industry, with a strong presence across India through 651 branches. The company provides a variety of products including term, endowment, ULIPs, and annuities, catering to both rural and urban middle-class customers with affordable premiums. The average ticket size for non-single individual premium policies is approximately ₹26,500, while individual policies typically have an average ticket size of around ₹26,600. Currently, Shriram Life’s total Assets Under Management (AUM) amount to ₹14,187 crore. It has an in-force policyholder base of over 14.6 lakh.

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.

Tata AIA Life Insurance Company Limited (Tata AIA) is a joint venture Company formed by Tata Sons Pvt. Ltd. and AIA Group Ltd. (AIA).

Tata AIA Life combines Tata’s pre-eminent leadership position in India and AIA’s presence as the largest, independent listed pan-Asian life insurance group in the world, spanning 18 markets in the Asia Pacific region.