General Insurance Council of India hosts IUMI Executive Committee Spring Meeting

By Lars Lange, IUMI Secretary General

In May 2017, the General Insurance Council (GIC) of India kindly hosted the IUMI 2017 Executive Committee Spring Meeting. A highlight of the two-day meeting was a market conference organised by the GIC of India. GIC President Mr. G. Srinivasan and GIC Secretary General R. Chandrasekaran were happy to welcome together with IUMI more than 300 attendees from the Indian marine insurance market.

The conference gave IUMI, as well as local stakeholders, opportunity to report about their business, challenges and opportunities. It was an excellent opportunity to learn more about the exciting Indian marine insurance market which enjoyed a marine insurance premium of about USD 450 million in 2015. A tour to the Jawaharlal Nehru container port was arranged – which intends to double its capacity within the next few years – showing the quick growth of the Indian economy and trade.

IUMI and the GIC of India agreed in high level meetings to intensify their future cooperation.

First from Left: Mr. R. Chandrasekaran, Secretary General of GIC of India, second from left: Mr. G. Srinivasan, President GIC of India;