Indian insurance companies have had a presence in Singapore for more than 70 years and were operating as branch offices up to the late 1980’s.
With a view to effectively meet the rising standards of the highly competitive Singapore market, India International Insurance (III) was built in 1987 by merging the operations of four state-owned Indian insurance companies. Since then, III became the leading autonomous general insurance company in Singapore and in the whole region.
III is equally owned by India’s five state-owned general insurance companies: General Insurance Corporation of India, The New India Assurance Co. Ltd., The Oriental Insurance Co. Ltd., National Insurance Co. Ltd. and United India Insurance Co. Ltd.
III specializes in Property, Marine (Hull, Energy & Cargo), Motor Insurance (Fleet) and have the capacity to underwrite a wide spectrum of risks within their product lines.
The business is driven by a group of over 100 talented and experienced professionals supported by a large agency force and other business partners.
In addition to being a pioneer general insurer in Singapore, III takes pride in being rated A- with Stable Outlook by Standard & Poor’s.