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International

Obligatory reinsurance cession rate reduced to 4% in India

January 19, 2022 Reprints

The Insurance Regulatory and Development Authority of India has reduced the obligatory reinsurance cession rate by one percentage point to 4% for each general insurance policy to be insured with an Indian reinsurer for the financial year starting April 1, Asia Insurance Review reported. The obligatory cession rate excludes terrorism and nuclear risks insurance policies, which are covered by special pools.

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Obligatory reinsurance cession rate reduced to 4% in India

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