Indian regulator sets up a reinsurance committee
Friday, 06 09 2017, Category: Insurance and Reinsurance, Country: India
The Insurance Regulatory and Development Authority of India (IRDAI) has announced plans to form a panel of 17 members to conduct a comprehensive reinsurance framework review.
The panel will examine the current regulatory framework for reinsurance and study international best practices, as well as look at the framework for health insurance – one of the fastest growing market segments in recent years – before making recommendations.
The IRDAI, said; “A need has been felt to visit/re-visit various areas in the framework applicable for health insurance to ensure level playing field for the industry as well as rationalise various provisions.”