Generali Global Corporate & Commercial Enters India

Mumbai, Jan 27: Generali Group established the business unit Global Corporate & Commercial (GC&C) India within Future Generali India Insurance, further strengthening the Group’s presence in India's rapidly growing corporate and commercial insurance segment. Shib Shankar Saha is appointed Head of GC&C India and reports directly to Axel Roesner, Head of GC&C Asia.

GC&C India is primed to deliver customised insurance solutions for medium and large enterprises in India. Its offerings encompass property, liability, financial lines, engineering, marine, cyber, and parametric insurance for multinational and domestic enterprises, as well as risk advisory services. Utilising Generali’s deep local knowledge and extensive global network, GC&C India is well positioned to provide support to enterprises amid a quickly developing business environment.

Rob Leonardi, Regional Officer, Generali Asia, said: “India has been recognised globally as the fastest-growing major economy in recent years and the launch of GC&C India shows how Generali is fully in lockstep with the needs of local businesses. The Indian government’s strong focus on infrastructure development and further support of the manufacturing sector presents a significant opportunity for Generali to enter with its range of GC&C products. The positive outlook for the coming years makes this move a strategic, long-term investment in one of the world’s most dynamic economies.”

Christian Kanu, CEO of GC&C, stated: “GC&C India enhances our ability to underwrite large and complex risks through delivery of tailored solutions that meet the evolving needs of our customers. As demand for corporate and commercial insurance has grown, the timing is just right for this launch and I’m excited to see the value we will deliver as our customers’ Lifetime Partner. I have every confidence that this initiative will strengthen our value proposition and expand our presence in the rapidly growing Indian and broader Asian markets, in full alignment with our strategic vision.”

Anup Rau, MD & CEO of Future Generali India Insurance, explained: “As a prominent player in the Indian market, we have already established a strong presence in the local corporate and commercial segment, and we believe our new capabilities will further strengthen our focus and improve our ability to underwrite risks that are critical to support the nation’s growth. We are confident that GC&C India will not only enhance our customer proposition but also help expand the market.”