Reinsurance Regulations

Irdai asks reinsurers to keep 50% of Indian underwritten biz within country

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

IRDAI constitutes two task forces on issues of reinsurance support

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

Irdai fines Deinon Risk Rs 10 lakh for acting as insurance intermediary

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

Decide on cashless Covid treatment in an hour: Irdai to insurance firms

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

Irdai sets up panel to study feasibility of forming a 'pandemic risk pool'

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

Reinsurance regulations to be out by February end: IRDAI chairman Vijayan

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