News Reinsurance11 Apr 2019

India:Mandatory cession rate for GIC Re stays at 5%

11 Apr 2019

The insurance regulator, the IRDAI, has maintained the obligatory cession from non-life insurers for state-controlled national reinsurer GIC Re at 5% for the current financial year which started on 1 April. The cession rate is decided by the IRDAI on an annual basis.

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