Complete removal of insurers’ obligatory cession to GIC Re recommended
Posted On: Dec. 7, 2022 9:49 AM CST![Regulation](https://bicontent.businessinsurance.com/d9a6302d-fe94-4a67-bf9e-45340e658e00.jpg)
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.