Allianz Partners Launches Operations at IFSC, GIFT City
OVERVIEW:
- France based Allianz Partners announced the launch of its IFSC Insurance Office (IIO Reinsurance Branch) in International Financial Services Centre (IFSC) GIFT City, Gandhinagar.
- The company has become the first foreign reinsurer to open its office at IFSC, marking a significant milestone in its strategic expansion efforts in India.
- France based Allianz Partners announced the launch of its IFSC Insurance Office (IIO Reinsurance Branch) in International Financial Services Centre (IFSC) GIFT City, Gandhinagar.
- The company has become the first foreign reinsurer to open its office at IFSC, marking a significant milestone in its strategic expansion efforts in India.
ABOUT ALLIANZ PARTNERS:
- Allianz Partners is in B2B2C insurance and assistance, offering global solutions that span international health and life, travel insurance, mobility and assistance.
- A world leader in Insurance and Assistance services present in over 75 countries, our 21,900 employees, handle over 72.5 million cases each year.
- Its IFSC Insurance Office (IIO Reinsurance Branch) in GIFT City is a reinsurance branch of AWP P&C S.A. a group entity of Allianz Partners headquartered in Paris, France.
AIM OF ALLIANZ PARTNERS BRANCH:
- The branch aims to cater to diverse customer segments encompassing B2B, Reinsurance, Travel, and Mobile Device and Digital Risk.
- Situated within the GIFT City, Special Economic Zone (SEZ), the office leverages the benefits offered by the SEZ, including import-export advantages and tax exemptions.
- Aims to foster growth in the insurance sector and strengthen its presence in the Indian market.
- Additionally, it positions GIFT City as a prominent International Financial Center.
CONCLUSION:
- This collaboration reinforces GIFT City’s position as an attractive destination for international players, driving growth and innovation in the reinsurance sector.
- Allianz Partners’ presence in GIFT City will not only strengthens global connections but also highlights the city’s strategic advantages and business-friendly environment.
