The finance ministry is set to update the Actuaries Act, 2006. This will expand actuarial science to include data science and risk manageme...

India is poised to emerge as a major player in the global reinsurance landscape. M Nagaraju, Secretary of Financial Services, has encourage...

India's ₹50,000-crore reinsurance sector is set for disruption with the entry of two new domestic players—Jio-Allianz, a joint venture betw...

IRDAI has simplified the format of the reinsurance program and brought in tandem the regulations for Indian insurers, Indian reinsurers, Fo...

According to an executive aware of the developments, a new company will be set up towards this end, where general insurance companies throu...

As per Irdai norms, the registration of branch offices of foreign reinsurers other than Lloyd's have 'assigned capital' and net owned funds...

The insurance cover of more than ₹43,200 crore is sought for the under-construction units 3 and 4 of the Kudankulam Nuclear Power Plant. Th...

Presently, foreign reinsurers which already have branches in India have to apply for a fresh licence in GIFT City, enjoying taxation benefi...

The Rs1.5-lakh-crore general insurance market has become attractive for foreign reinsurers.

The insurers fear that the new regulation – which gives foreign reinsurers the first right of refusal in obtaining business in India — woul...

Presently, state owned GIC Re is the only reinsurer operational in the country and foreign reinsurers have liaison office in India.

Berkshire had closed its online distribution two years after it began operations in 2013, as the online model failed to take off in a big w...

Germany's Munich Re and Hannover Re, Swiss Re from Switzerland, SCOR of France, and the UK-based Lloyd's are looking to foray into Indian m...

"GIC Re being an Indian reinsurer should enjoy preference in the order of cessions by Indian insurers," IRDA said in the exposure draft.

Swiss Re is planning to set up shop in India after the country permitted foreign companies that cover the risk of insurers to open branches...

Berkshire Hathaway has shed its India aversion & for the first time took up the role of a dominant reinsurer for 3 insurers.

The government may allow foreign reinsurance companies to set up branch offices in the country with certain regulatory restrictions, accord...