Interviews
``The FAIR Nat CAT pool has gained the approval to operate in India’’
How do you see the developments of Afro- Asian Reinsurance and Insurance Industry? FAIR achieves economic integration among Afro-Asian countries. The Federation is active in setting up reinsurance bodies (Pools & Syndicates) for members to share risk and benefit from their capacities, these in return...
``Growth and profitability are equally important''
What are your board agenda for NIA now? The year to date permormance has not been great as we were hit by multiple catastrophe claims in India and abroad coupled with non-operational issues like write down of the investments and impact of change in accounting...

Victor Kuk, Managing Director and Head, Client Markets Southeast Asia, India, Korea, Hong Kong and Taiwan,P&C Reinsurance Asia,Swiss Re
``We do write a lot of agriculture business and it contributes to about 40% of our business in India''
Swiss Re has completed more than one year of direct operations in Indian market. How do you see the Indian market? The reason that we have established direct operations in India is because we wanted to be on the ground, to better understand and cater...
``We are more focused on improving the pricing and the other terms and conditions''
What are the broad strategies now to take GIC Re ahead both in International and domestic markets? We will discuss about the domestic market first. I think, the fact that the GIC Re got listed was a very good thing and now look at the...
``Rapid technology growth compelling pragmatic shift in India's risk mitigation landscape''
How do you see the developments in the Indian re/insurance market in next five years? The Indian insurance industry is at an inflection point from where it is poised to grow manifold on the back of robust economic growth and higher disposable income. The industry...
``18 out of 24 companies are profitable in the Indian life insurance space in 2017-18’’
Why the New Business Premium growth in Life Insurance Industry has slowed down in 2017-18? There is no slowdown in New Business growth and the industry is registering growth over growth. In fact in terms of New Business Premium, Life Insurance Industry has been registering...
``The idea of sandbox regulation is good as it allows to introduce new products’’
How do you see the Indian general insurance market by 2025?Can the present growth momentum be maintained over a period of time? A double-digit growth has already started happening in the industry and we are expecting that it will continue to happen until 2025. Crop...
``We aspire to touch Rs 1000 cr premium mark by the end of the fiscal''
What is your business focus ? We are mainly a retail player and intend to maintain our corporate business at around 15% to 20% of the book. In future, we will continue to be focused on retail products across the motor and health family. We...
``We have been able to reach insurance solutions to customers in over 2,00,000 villages in India''
How do you expect the developments in the India re/insurance market in next five years? New business premium underwritten in the Life Insurance market in FY 2017-2018 was Rs 1,93,900 Crore (USD 29 billion) with a compounded average growth rate (CAGR) of 23 per cent...