The French reinsurer SCOR received on November 8, 2016, an approval from the Insurance Regulatory and Development Authority of India(IRDAI) for opening a composite (life and non-life) branch office in India.
The new company will begin operations on April 1, 2017.
As a reminder, the French reinsurer has been underwriting business in India since 1973 where it had already established a liaison office in 2005.
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