News From Press Irdai to introduce collaterals for reinsurance transactions with CBRs

Irdai to introduce collaterals for reinsurance transactions with CBRs

Source: Business Standard Feb 22, 2024

The Insurance Regulatory and Development Authority (Irdai) is planning to introduce collaterals for reinsurance transactions with Cross Border Reinsurers (CBR). The proposed guidelines given in an exposure draft will be applicable for all the reinsurance placements with CBRs by cedants or insurers from India, for reinsurance programmes from FY25-26 onwards.

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