Take context from the input text and decide on the accurate relationship between 'New India Assurance' and 'insurance' from the options provided.
Options: currency, industry, stock exchange, chief executive officer

In a recent announcement, the New India Assurance Company Ltd (NIA), a government of India-owned insurance company announced the opening of its regional hub in the DIFC, which will act as company’s administrative control headquarters across the GCC.
industry