Munich Re has enjoyed a strong presence in the Indian market since 1951 for general insurance, and since 1957 for life insurance. Since then, Munich Re has continuously engaged with insurers and large corporate clients in India, providing technical expertise and risk management solutions.
In order to be closer to its Indian clients and subsequent to the amendment of Insurance Bill allowing reinsurers to set up branches in India, Munich Re set up its composite India Branch Office in 2017 in Mumbai servicing the Non-Life and Life reinsurance market in India, Sri Lanka and Bangladesh. Munich Re was amongst the first set of foreign reinsurers, which established their branch in India.
To this day, our local presence and market insights are key assets. Combined with our comprehensive global experience, these enable us to identify changes in the social, legal and economic environment and respond quickly to market developments.
As a demanding, innovative and growing insurance market India remains a top priority for Munich Re.