New guidelines in the reinsurance industry

Faced with the possible implementation of about 7 national and international reinsurers on its territory, the Insurance Regulatory and Development Authority of India (IRDAI) provides for the introduction of new guidelines for the reinsurance sector. These directives which will be published in October, will deal mainly with expenses control management.

As a reminder, insurance law in India was amended in March 2015 to raise the foreign companies' stakes in Indian insurance companies from 26% to 49%.

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