Mumbai, 400020,
India
General Insurance Corporation of India Technographics
Discover the latest software purchases and digital transformation initiatives being undertaken by General Insurance Corporation of India and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 522 General Insurance Corporation of India employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that General Insurance Corporation of India has purchased the following applications: Microsoft 365 for Collaboration in 2017, Joomla 3.9 for Web Content Management in 2013, SAP Fioneer Financial Product Subledger (FPSL) for Governance, Risk and Compliance in 2025 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems General Insurance Corporation of India is running and its propensity to invest more and deepen its relationship with Microsoft , Joomla , SAP Fioneer or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing General Insurance Corporation of India revenues, which have grown to $6.57 billion in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for General Insurance Corporation of India intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
Collaboration
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Microsoft | Legacy | Microsoft 365 | Collaboration | Collaboration | n/a | 2017 | 2017 |
|
Content Management
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Joomla | Legacy | Joomla 3.9 | Web Content Management | Content Management | n/a | 2013 | 2013 |
|
TRM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| SAP Fioneer | Legacy | SAP Fioneer Financial Product Subledger (FPSL) | Governance, Risk and Compliance | TRM | n/a | 2025 | 2025 |
In 2025 General Insurance Corporation of India implemented SAP Fioneer Financial Product Subledger (FPSL) as a Governance, Risk and Compliance solution to achieve Ind-AS 117 compliance in line with IFRS17 accounting changes. The program is explicitly scoped to deliver contract-level accounting that reflects the new requirement that revenue equals the change in contract liability rather than written premiums, and to produce unbiased estimates of future cash flows, discount rates reflecting contract cash flows, and adjustments for non-financial risk.
The SAP Fioneer Financial Product Subledger (FPSL) deployment concentrates on core subledger capabilities and insurance contract measurement functionality, including contract measurement engines, cash flow projection and discounting logic, explicit risk adjustment handling, and ledger-level capture of contract measurements for statutory and management reporting. Configuration work emphasized mapping contract-level outputs into the financial reporting subledger and embedding policy-driven accounting rules aligned to Ind-AS 117, while aligning finance and actuarial workflows to support period close and reporting cadence.
Governance changes introduced with the FPSL implementation focused on updated accounting policies, control points for valuation and disclosure, and audit-ready traceability of contract measurement decisions to meet regulator expectations. The vendor announcement states that after implementation GIC Re will be the first Indian reinsurer to comply with IndAS 117 and that the solution is expected to empower GIC Re to navigate the new regulatory landscape while enhancing operational efficiency.
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