News Reinsurance19 Jan 2022

India:Regulator cuts obligatory reinsurance cession rate to 4% for FY2023

| 19 Jan 2022

The IRDAI has lowered the obligatory cession rate on the sum insured on each general insurance policy that is to be reinsured with an Indian reinsurer to 4% in respect of insurance attaching during the financial year beginning on 1 April 2022 (FY2023).

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