Insurers get IRDAI nod for FRN auto-renewal of cross-border reinsurers
In order to conduct reinsurance arrangements with Global reinsurers, which do not have an office in India (called “Cross border Read more
reinsurers
Reinsurers asked to retain 50% of business underwritten in India
IRDAI has, in a revised exposure draft on reinsurance regulations, mandated that Indian reinsurers, including foreign reinsurance branches, have to Read more
Foreign reinsurers can repatriate 20% of assigned capital: IRDAI
Insurance sector regulator Irdai has allowed foreign reinsurance branches, including Lloyd’s India, to repatriate up to 20% of the excess Read more
IRDAI questions price hikes by reinsurers
Concerned over pricing pressures in life and non-life products in the wake of Covid, the Insurance Regulatory and Development Authority Read more
Aviation insurance losses touch an all-time high as claims hit Rs 3,700 crore
A series of major and minor air-crash incidents have led to aviation insurance losses touching an all-time high of Read more
Reinsurers to pay out over 90% of crashed Air India claim
Global reinsurers will have to shell out over 90 per cent of the insured value of the Air India plane Read more
IRDAI asks reinsurers to pass on GST benefit to stakeholders
IRDAI has asked insurers to pass on the benefit of GST to stakeholders. The GST Council, in January, had exempted Read more
IRDAI gives approval to 23 cross-border reinsurers
The Insurance Regulatory and Development Authority of India has granted special approval to 23 Cross Border Reinsurers (CBR) for the Read more
