New GIC Re chief banks on AI, resilience for next growth phase
New Delhi, July 8 -- General Insurance Corporation of India (GIC Re) is building an in-house artificial intelligence assistant that is expected to help make faster and better-informed decisions, chairman and managing director Hitesh Joshi said in an interview. As part of its AI projects, the reinsurer is building an AI-powered assistant called Ragini (Retrieval Augmented Generation for Intelligent Natural Insights). Joshi, a three-decade GIC Re veteran who took the top job on 16 June after eight months as interim chief, has framed his tenure around one idea: resilience. He is building this through AI adoption, a rebalanced risk portfolio, a stronger credit rating and a phased return to overseas markets the corporation lost after its 2020 ...
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