India's national reinsurer providing reinsurance support to direct insurers across business lines.
GIC Re has supported our direct book across fire, engineering and marine for years and the relationship is solid. Their financial strength gives our clients confidence. I'd only note that documentation and reporting formats sometimes feel a bit bureaucratic compared to newer players.
Financial strength, broad line support
Bureaucratic paperwork
GIC Re stepped in confidently on a large facultative property risk that other markets hesitated on. Their underwriting team was responsive and the terms were competitive. The reinsurance recoveries were settled exactly as agreed, which builds real trust.
GIC Re's role as the national reinsurer cannot be overstated for direct insurers like us. The proportional treaty terms were fair and their team helped us structure cover for a tricky engineering project. Claims and recoveries have always been honoured promptly. Top-tier reinsurance partner.
As a treaty partner, GIC Re has been a dependable reinsurer for our motor and property lines. Their capacity and pricing have held up well across renewals. The only friction is that turnaround on some treaty queries can be slower than international reinsurers.
GIC Re has a RevWala Trust Score of 60/100 (Average), based on 5 customer reviews with an average rating of 4.6 out of 5. Reviews are mixed — read recent ones before deciding.
GIC Re is rated 4.6 out of 5 stars from 5 reviews on RevWala, with a "Average" Trust Score.
GIC Re has 5 reviews on RevWala, including 2 verified reviews.
Confident underwriting, clean recoveries
Fair treaty terms, prompt recoveries
Working with GIC Re on our agriculture and property treaties has been excellent because they understand Indian risk far better than overseas reinsurers. Their claims support during the last catastrophe season was prompt and the technical team is sharp. A genuinely strong national reinsurer.
Deep local expertise, prompt cat support
Reliable capacity, stable pricing
Slower query turnaround