In an interview with Reinsurance News, PB Fintech’s Joint Group Chief Executive Officer, Sarbvir Singh, emphasised that a more open and predictable regulatory environment is attracting global reinsurance companies to India’s first International Financial Services Centre (IFSC), Gujarat International Finance Tec-City (GIFT City).
Insurance and reinsurance volumes have expanded rapidly at GIFT City, hitting $1.2 billion in 2025 from $102 million in 2020, driven largely by non-life insurance and reinsurance segments.
The growth marks an over 11-fold increase in the last five years, and signals a strong scale-up of India-linked risk underwriting within IFSC. The roster of participants at the hub now includes global re/insurers and brokers from Europe, Australia, Asia Pacific, the Middle East, and Africa.
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