HDFC International Life and Re Company Profile and Ratings

HDFC International Life and Re is a leading life insurance company in India, with a strong presence in the international market. It is a subsidiary of HDFC Life Insurance, one of India's largest private life insurance companies.

The company offers a wide range of life insurance products, including term insurance, savings insurance, and unit-linked insurance plans. HDFC International Life and Re has a strong distribution network, with over 100 branches across the country.

The company has a high claim settlement ratio, with over 95% of claims settled within 30 days. This is a testament to HDFC International Life and Re's commitment to customer satisfaction and timely payment of claims.

HDFC International Life and Re has received several awards and ratings from reputable institutions, including a rating of "A-" from Fitch Ratings. This rating is a reflection of the company's strong financial performance and stability.

HDFC International Life and Re Company Limited has a strong financial standing, reflected in its Gross Written Premium of $17 million in the fiscal year 2022-23, which shows a 10% growth.

The company has received a consistent "BBB" insurer public financial strength rating from S&P Global Ratings for five consecutive years, a testament to its stability and reliability.

HDFC International has reported a Net Profit of $0.4 million for the same period, indicating a healthy financial performance.

HDFC International has made a significant impact in the Gulf Cooperation Council (GCC) and the broader Middle East and North Africa (MENA) region.

The company has successfully completed seven years of operations, a notable achievement in a competitive market.

HDFC International recorded a Gross Written Premium of $17 million for the fiscal year 2022-23, reflecting a 10% growth.

This growth is a testament to the company's ability to adapt and innovate in a rapidly changing industry.

S&P Global Ratings has consistently assigned its "BBB" insurer public financial strength rating to HDFC International for five consecutive years.

This rating is a significant endorsement of the company's financial stability and creditworthiness.

HDFC International has received approval to establish a branch in GIFT City, providing an opportunity for further global expansion.

This strategic move is expected to open up new markets and increase the company's reach.

HDFC international Life & Re offers a range of services that cater to the needs of its cedents.

The company provides reinsurance on a treaty and facultative basis, which means it can offer customized solutions to its clients.

As part of proportional reinsurance, HDFC international Life & Re offers 'quota share' and/or 'surplus' for individual and group life policies.

This allows cedents to share the risk and transfer some of the liability to the reinsurance company.

The company also provides reinsurance for credit life policies, which is an important service for financial institutions.

HDFC international Life & Re also offers customised insuretech platforms to its cedents, which can help streamline their operations and improve efficiency.

The HDFC International Life & Re team is led by some very capable individuals. Yuvraj Narayan is the chairperson of the company, overseeing its overall strategy and direction.

Rahul Prasad is the CEO, responsible for the day-to-day operations and implementing the company's vision. He brings a wealth of experience to the role.

The Board of Directors is comprised of key stakeholders who provide guidance and oversight. Yuvraj Narayan, Susir Kumar, Prasun Joshi, and Sameer Yogishwar are all part of the Board, bringing their expertise to the table.

Here is a list of the key people involved in HDFC International Life & Re: