Reinsurance

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…

19th December, 2022 The Authority has been working on reforms in the Non-Life Insurance Sector to enable ease of business from the viewpoint of Insurers as also to enable choice…

The insurance and reinsurance industry are at the heart of financial security and stability. It plays a vital role in safeguarding individuals, business, and the global economy against unexpected risks.…

The Authority has issued the IRDAI (Re-Insurance) Regulations, 2018 which deal with the operational aspects of placement of reinsurance. As per the Regulation 3(A) of the above Regulations an advance…

The insurance regulator has released an exposure draft seeking amendments to reinsurance regulations. In the draft, the Insurance Regulatory and Development Authority of India (Irdai) has sought to revise the…

IRDAI has rationalised the compliance norms for branches of foreign reinsurance companies, including Lloyds, operating in India. The regulator has also exempted non-life insurers and foreign reinsurers from disclosing underwriting…

In a surprise move, IRDAI has relaxed the disclosure requirements of foreign reinsurance branches (FRBs) and Lloyd's India as part of "rationalisation of compliance" standards. The regulator said FRBs and…

Life insurance premiums are set to increase in 2022 as large reinsurance companies are likely to raise charges that are likely to be passed on to customers. Higher premiums may…

The country is set to become a reinsurance hub with the International Financial Services Centre Authority (IFSCA), India's first single regulator for the Gujarat-based International Financial Services Centre (IFSC), announcing…

The committee formed by the Insurance Regulatory and Development Authority of India (Irdai) to examine the requirement and rationale for setting up a pandemic pool has recommended the formation of…