Archive · 28 Nov 2025
GIFT City Aims to Attract Global Reinsurers and IP
GIFT City in India is becoming a popular place for big insurance companies from Saudi Arabia, the UAE, and Kazakhstan.
These companies want to set up offices there because the insurance business is growing very fast.
In just one quarter, the amount of money from insurance deals went up four times!
This means more companies are choosing GIFT City to do their business.
It's like a big hub where insurance companies can help each other manage risks.
Soon, Indian insurance companies might not need to go outside the country for help.
Additionally, GIFT City wants to become a place where companies can register their ideas and inventions, like trademarks and patents, instead of going to other countries.
This will help India keep more of its own ideas and make more money from them.
GIFT IFSC is attracting reinsurers from Saudi Arabia, UAE, and Kazakhstan.
Reinsurance business in GIFT IFSC surged four-fold in Q2 FY25-26, with premiums reaching $199.52 million.
Nine reinsurance companies are already operating in GIFT City, with ten more in the application process.
GIFT City aims to position itself as a premier offshore jurisdiction for Intellectual Property Rights (IPR), inspired by global models like Guernsey.
An expert committee is studying how GIFT City can build a more compelling and competitive IP regime to attract both domestic and global IP registrations.
- Who
- Global reinsurers and Indian companies
- What
- Setting up operations in GIFT IFSC and positioning it as a premier offshore jurisdiction for Intellectual Property Rights (IPR)
- When
- Applications submitted in October 2025, Q2 FY25-26 premiums reported, expert committee studying IP regime
- Where
- GIFT City, India
- Why
- To capitalize on the growing reinsurance market, reduce reliance on foreign reinsurers, and attract both domestic and global IP registrations
- GIFT IFSC
- International Financial Services Centre in GIFT City
- New Applicants
- Saudi Reinsurance Company, ADNIC (UAE), Eurasia Insurance Company (Kazakhstan)
- Authorized Entities in IFSCA
- 22 (9 reinsurers, 7 life insurers, 4 general insurers, 2 health insurers)
- Insurance Intermediaries
- 30 (25 brokers, 4 corporate agents, 1 surveyor and loss assessor)
- India's Share in Global IP Earnings (2023)
- 0.5%
