New India Assurance Co Ltd has been awarded Mauritius Best Employer Brand Award 2022. The New India Assurance Co Ltd is the largest non-life Insurance Company of India. It is the only India Multinational General Insurance Company with a registered Office in Mumbai. The Company was incorporated in July 1919 in Mumbai Bombay) by the House of Tats and was the first India Composite Insurance Company. New India Indurance has been incorporated in Mauritius in 1924.
Overseas New India has operations in 29 countries represented through Branches and Agencies, Associate Companies in 6 Countries, and Wholly Owned Subsidiaries in 2 Countries.
The company is rated B++ Stable FSC Rating and B++(Good) Stable ICR Outlook by A.M. Best (Europe) Company Limited for its financial strength, service, and capacity to meet policyholders’ obligations. The rating reflects New India’s excellent capital position. It is the only Insurance Company in Mauritius to be rated by Global Agency. For the sixth consecutive year, the company has been rated as B++(Good) Stable ICR Outlook by A.M. Best(Europe m/s A. M. Best Europe Ltd. The rating reflects Company’s excellent risk-adjusted capitalization, prospective improvement in underwriting performance, and its leading business profile in the direct insurance market in India. The outlook is stable. A.M. Best believes the Company’s risk-adjusted capitalization is excellent and anticipates that it will remain sufficient to absorb the likely growth in the net premium.
Her is a statement of New India COO, Mr Deepak Pathare:
