Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

Foreign reinsurers seek on par treatment with Indian reinsurers

January 19, 2018 Reprints

Foreign reinsurers are likely to approach the Insurance Regulatory and Development Authority of India for their Indian branches to be treated on a par with Indian reinsurers to source business, Moneycontrol.com reported. Currently, reinsurance follows an order of preference with the General Insurance Corporation of India given the first right of refusal in getting business. Foreign reinsurers' branches receive the business only if GIC Re refuses it. The size of the country's reinsurance market is estimated to be about 300 billion Indian rupees ($4.7 billion).

Help

Foreign reinsurers seek on par treatment with Indian reinsurers

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources