Public Disclosure

1. Corporate Profile

India International Insurance Pte Ltd is an established general insurer in Singapore serving since 1987, with significant expertise in underwriting of Property, Engineering, Marine (Hull and Cargo), Upstream Energy, Motor and other Liability classes of general insurance.

We’re rated by Standard & Poor’s as “A-“

Our Core strengths are strong capital position with robust solvency ratio, management team of well qualified and highly experienced professionals, strong niche player in the competitive Singapore insurance market, and capacity to underwrite a wide spectrum of risks. 

All efforts are made to achieve the objective of Excellent Customer Service. 

To know more about our company’s profile, vision, mission, board of directors and senior management, please click on the link below.

https://www.iii.com.sg/about/

2. Products

We offer non-life or general insurance products that meet the needs of both individuals and businesses.

https://www.iii.com.sg/products/

3. Business Strategy

Our corporate strategy is anchored on three core pillars designed to navigate the competitive Singapore insurance market with resilience and clarity.

Value-Driven Product Solutions

We maintain a highly focused approach to underwriting, prioritizing the development and delivery of high-utility, reliable general insurance products that address the evolving risk profiles of our individual and commercial clients.

Sustainable Stakeholder Value

Rather than pursuing aggressive, high-risk market share growth, we emphasize disciplined underwriting and operational efficiency to deliver consistent, predictable, and long-term economic value to our stakeholders.

Capital Preservation & Financial Strength

We protect our balance sheet by maintaining robust solvency ratios and rigorous asset-liability management (ALM). This disciplined capital preservation ensures our claims-paying ability remains resilient across all market cycles.

4. Corporate Governance

India International Insurance Pte Ltd is governed by the laws applicable to Insurance Companies registered in Singapore and abides by Regulations of Insurance Regulators. 

The Company has the Audit Committee, Investment Committee, Nomination Committee, Risk Committee, Information Technology Committee and Remuneration Committee in place who shall report to the Board of Directors.

Our Board of Directors

Please refer to page 6 of Annual Report 2025.

The Board oversees the Corporate Governance for:

• All policy matters
• Corporate Strategy for Business Development
• Review of Business & Investment Performance
• Reinsurance Strategy
• Review of Credit Control
• Internal Audit, Risk management & Compliance
• Information technology

5. Enterprise Risk Management (ERM) Framework

The Board oversees the adequacy and effectiveness of the Company’s ERM and internal controls.

In carrying out its duty, the Board has established an Enterprise Risk Management Committee (ERMC) chaired by the Chief Executive & Managing Director. 

The ERMC comprises of the Chief Executive & Managing Director, the Chief Financial Officer and the Chief Risk Officer. It assists the III’s Board of Directors to formulate the risk policy and operates adhering to the risk appetite statements for the risks below:

a. Credit
b. Insurance
c. Market
d. Liquidity
e. Strategic
f. Operational

In terms of governance over the ERM activities, III has undertaken the following:

• Risk governance framework designed to prevent, mitigate and manage risk through a Three Lines of Defense model comprising our Frontline Underwriting Business Operations, Risk & Compliance Oversight Functions, and Independent Internal Audit Assurance Testing, providing for an effective balance of business control and oversight and assurance testing.
• To manage structural Insurance Risk, the company employs strict delegated underwriting authority limits and quarterly independent actuarial reserves testing.
• Governance principles embedded in the values, behaviours and code of conduct throughout the Company.
• Strong oversight by the Board on all key decisions and challenges.
• Board and Executive Management interact effectively to deliver an agreed overall business strategy.
• Organizational structure that encourages clear accountability and ownership aligned with legal entity structure.
• Board oversees execution of strategy consistent with local regulatory and governance requirements.
• Develop and communicate the importance of a risk aware culture across the Company.
• Align the risk management activities to the strategic objectives of III in order to manage risks to support the delivery of the business plan.
   

All the above has been documented in III ERM Policy and III ERM Framework.

Information on Finance and investment performance can be found in our Annual Report

Asset-Liability Management (ALM) and Investment Objectives

• India International Insurance Pte Ltd manages its asset and liabilities together by adopting an asset and liability management framework, which comes under the purview of our Investment Committee. For more information on assets & liabilities, please refer to Annual Report 2025 (page 38).
• India International Insurance Pte Ltd mitigates systemic liquidity risk by maintaining a dedicated portfolio of highly liquid, cash-equivalent assets to settle sudden or unexpected claims, ensuring compliance targets are continuously monitored under severe stress testing scenarios.

Capital Adequacy

• India International Insurance Pte Ltd has met the minimum fund solvency requirements for our insurance funds and the minimum capital adequacy requirement prescribed by the Monetary Authority of Singapore.

Financial Performance

• Quantitative and qualitative information on our financial performance may be found in our Annual Report 2025 (Page 38 – 42).