IRDA Introduces Credit Rating Norms for Selecting Foreign Reinsurers The Insurance Regulatory and Development Authority (IRDA) has instated new regulations to tighten the norms for reinsurers, creating a more level playing field for Indian firms. The IRDA (General Insurance – Reinsurance) Regulations 2013 have recently been noted in the Gazette, and they include placing heavy norms for selecting reinsurers outside India. Purpose of Reinsurance Programs Reinsurance is a business in which multiple insurance companies share […]
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