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Irdai asks reinsurers to keep 50% of Indian underwritten biz within country
Irdai asks reinsurers to keep 50% of Indian underwritten biz within country
Source: Business Standard Nov 28, 2022
The Insurance Regulatory and Development Authority of India (Irdai) has, in a revised exposure draft on reinsurance regulations, mandated that Indian reinsurers, including foreign reinsurance branches, have to retain a minimum of 50 per cent of their Indian reinsurancebusiness underwritten, within the country.
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