scorecardresearchInsurance regulator proposes amendments to reinsurance rules; Details here

Insurance regulator proposes amendments to reinsurance rules; Details here

Updated: 26 Oct 2022, 11:45 AM IST
TL;DR.
The insurance regulator seeks to revise order of preference, which may prove to be undesirable for state-owned GIC Re. We share more details here
The regulator is proposing that in the order of preference first there will be the category I Indian reinsurers, including GIC Re, foreign reinsurance branches (FRBs), Lloyd’s India, and International Financial Service Centre Insurance Offices (IIOs).

The regulator is proposing that in the order of preference first there will be the category I Indian reinsurers, including GIC Re, foreign reinsurance branches (FRBs), Lloyd’s India, and International Financial Service Centre Insurance Offices (IIOs).