The ratings reflect GIC Re’s strong capitalisation, stable expense ratio
and established market presence.
GIC Re’s risk-adjusted capitalisation, as measured by Best’s Capital
Adequacy Ratio (BCAR), remains strong and is supportive of its
current ratings. |
As per A. M. Best Co., as the sole domestic reinsurer in India, GIC Res business profile remains strong, with the company maintaining its leading business position in the domestic reinsurance market. In recent years, GIC Re also has been directing more resources in expanding its overseas markets. |
