The SCOR Group opens a representative office in India, a high-potential market

19 octobre 2021 Pierre Perrin-Monlouis

The SCOR Group has obtained permission from the Indian regulatory authority (IRDA) to open a representative office in India, with a view to strengthening and developing its activities in the Non-Life reinsurance field. The SCOR Group believes that the Indian insurance market will continue to expand rapidly, and wishes to contribute to this expansion by bringing its reinsurance skills and risk analysis expertise to the market.

The opening of this Indian office, in Mumbai, forms part of SCOR’s strategic development plans for rapidly growing markets on the Indian sub-continent and in the Asia-Pacific region. The Group expects to increase its written premiums on the Indian market by 20% from 2005. Mr. Santhana Gopalan has been appointed Manager of this representative office.

Asia-Pacific and the Indian subcontinent currently represent one fifth of Non-Life reinsurance premiums collected by the SCOR Group. SCOR currently has seven subsidiaries and representative offices on these markets in Singapore, Hong Kong, Tokyo, Seoul, Sydney, Labuan (Malaysia) and Beijing.

Mr. Santhana Gopalan, 54, is a chemical engineer by training. He previously held various positions at ARIG, which enabled him to gain a wide experience in both Facultative and Treaty underwriting, mainly on the Middle Eastern and Indian subcontinent markets. Mr. Gopalan was appointed Deputy General Manager of ARIG in 1997, and was responsible for underwriting and claims.

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