Business Details
50+ Years
experience
Commercial Insurance Solutions in London
Established in 1919 by the Tata Group, we are the largest non-life insurer in India and a leading global insurer with operations in 26 countries. Our London office, operational since 1921, specializes in commercial insurance and reinsurance solutions tailored to small and medium enterprises. With an asset base of 9.469 billion and a solvency ratio of 1.66, we combine financial strength with over a century of industry expertise. Our team of specialist underwriters delivers bespoke insurance products, including business combined, care homes, and property insurance, supported by a network of 2,400 offices worldwide. Recognized for innovation and market responsiveness, we maintain partnerships with major UK brokers and international reinsurance clients. Our commitment to customer-centric solutions is reflected in our 12 million global policyholders and a 12.6% market share in India.As an authorized entity regulated by the PRA and FCA, we uphold rigorous compliance standards while offering flexible coverage options. Our London presence at Lloyds and Ipswich enables localized service delivery, complemented by direct and facultative reinsurance capabilities across Europe, Asia, and the Americas. With 13,000 employees globally, we prioritize rapid claims processing and tailored risk management strategies to meet evolving client needs.
Services
Commercial Property Insurance
Business Combined Insurance
Care Homes Insurance
Reinsurance Solutions
Retail Insurance
Details
- Year established: 1919
Highlights and features
- We have a long-term presence in the UK market dating back to 1921
- Our asset base exceeds 9.469 billion with a solvency ratio of 1.66
- We serve 12 million customers globally through 2,400 offices in 28 countries
- We offer flexible reinsurance solutions with capacity up to USD $12.5m per programme
- Our team includes specialist underwriters with expertise in commercial risk management
Associations and certifications
- Prudential Regulation Authority
- Financial Conduct Authority
Services
Commercial Property Insurance
Protect your business assets with comprehensive property insurance tailored to commercial needs. This policy covers buildings, contents, and business interruption risks, ensuring continuity during unexpected events. Designed for SMEs, it combines essential protections in a single document for simplified management.
Business Combined Insurance
Streamline your business insurance with our combined policy covering multiple risks in one package. Includes property damage, liability, and business interruption coverage to protect day-to-day operations. Ideal for SMEs seeking comprehensive protection without managing multiple policies.
Care Homes Insurance
Specialist insurance for residential and nursing homes addressing unique risks including liability, property damage, and business continuity. Combines multiple essential covers to protect care providers while ensuring compliance with sector-specific regulations and standards.
Reinsurance Solutions
Global reinsurance services covering property, catastrophe, and excess loss risks. Offers capacity up to 7.5m in Europe and 5m elsewhere, with flexible structures including quota share and stop loss. Supports insurers through direct and treaty arrangements with major brokers.
Retail Insurance
Tailored insurance products for retail sectors including shops, restaurants, and public houses. Combines property, liability, and business interruption coverage in single policies, distributed through appointed brokers to meet specific operational needs of small businesses.
People
Ms Girija Subramanian
Chairman-cum-Managing Director
Leading the company's global strategy with extensive experience in insurance and financial services. Committed to driving innovation and operational excellence across international markets while maintaining strong corporate governance standards.
Questions
What types of insurance does New India Assurance offer?
We provide commercial property, business combined, care homes, reinsurance, and retail insurance products tailored to SMEs and global clients.
How long has the company operated in the UK?
We have maintained a presence in the UK market since 1921, with offices in London and Ipswich serving local and international clients.
What reinsurance capacity do you offer?
Our reinsurance capacity reaches £7.5m in Europe and £5m elsewhere, with flexible structures for top-quality risks requiring substantial coverage.
How can businesses access your insurance products?
Commercial policies are available through our network of appointed brokers and intermediaries across the UK and internationally.
What financial strength indicators do you have?
We maintain an asset base of £9.469 billion and a solvency ratio of 1.66, ensuring reliable coverage for policyholders.
