Reinsurance Regulations

Any retrocession up to 20%, to the branch of a foreign insurer shall be adjusted against the required minimum retention of 50%

The terms for reference for the task force include issues discussed by the industry players with Irdai in the recently concluded bi-monthly meeting with the top honchos of the general insurance firms

The firm did not have a valid registration with the insurance regulator

Order follows a Delhi HC directive to the insurance regulator on this issue

The group has to submit its report on the subject in the next eight weeks

When asked about what regulations are expected, he said life insurance product regulations are in the pipeline but will take some more time