Reinsurance

Introduction A business faces numerous risks in its day-to-day operations, and managing this risk is paramount to a thriving and successful company. Rising insurance costs coupled with increasing self-insured risk…

We wish a very happy and prosperous New Year 2017 to all our subscribers, authors, advertisers, and everyone connected with the publication. With the blessings of our readers we have…

The practice of insuring again. One of the functions of the Direct Insurance is to spread the loss so that the losses of the few who have claims will be…

InsuranceDekho, an India-based insurtech firm, has obtained a composite insurance broking licence from the Insurance Regulatory and Development Authority of India (IRDAI). This licence enables the company to engage in…

Recently, the Insurance Regulatory and Development Authority of India came out with the draft of the proposed regulations to streamline reinsurance operations in the country. The measures have been interpreted…

The Authority has notified Insurance Regulatory and Development Authority of India (Registration and Operations of Foreign Reinsurers Branches and Lloyd’s India) Regulations, 2024 and IRDAI (Reinsurance) Regulations, 2018, with the…

Introduction: Global Direct Insurance Premium for 2018 is estimated as under- Life: USD 2820 Billion                   USD 5193 Non-Life: USD 2373 Billion            Billion Reinsurance Premiums according to Reinsurance Treaty Programs of…

A. EMERGING TRENDS SINCE 1965 1965-1987 : UNCTAD’s guidelines gave rise to trends favouring Monopoly of Reinsurance with State Owned Reinsurance Public Sector Companies e.g. Kenya Re, Zim Re, Nigeria…

Introduction: Reinsurance Reinsurance is a valuable and diverse product that assists an insurance company in properly hedging its business risks while also protecting its capital position. It has a critical…

In a significant move aimed at promoting a favorable business environment and attracting more reinsurers to establish operations in India, the Insurance Regulatory and Development Authority of India (IRDAI) recently…