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International

Complete removal of insurers’ obligatory cession to GIC Re recommended

December 07, 2022 Reprints

A committee appointed by the Insurance Regulatory and Development Authority of India has recommended that the percentage of obligatory cession that general insurers must cede to state-owned General Insurance Corporation of India should be reduced to zero from the current 4%, Asia Insurance Review reported citing Business Standard.

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Complete removal of insurers’ obligatory cession to GIC Re recommended

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