India, April 2 -- Insurance and reinsurance premium volumes at Gujarat International Finance Tec-City (GIFT City) have grown from $102 million in 2020 to over $1.2 billion in 2025, according to an official statement by GIFT City Company Ltd on Thursday.

This marks an over-11-fold rise in five years and reflects a rapid expansion of India-linked risk underwriting at the International Financial Services Centre in Gandhinagar, the company's statement said.

The financial year 2025-26 saw the entry of several global insurers and reinsurers at GIFT City, including Allianz, Generali, Starr International Insurance, Abu Dhabi National Insurance Company (ADNIC), Qatar Re, Singapore Re, Doha Re and Lloyd's of London, along with domestic players su...