Allianz Partners Launches Operation at IFSC, GIFT City

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.

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:

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• 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.