Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 27 OCTOBER 2023

Reinsurance Regulations Of India: Changes In 2023

Tuli & Co
Tuli & Co
Contributor
Tuli & Co

Tuli & Co

About us: Tuli & Co was established in 2000 to service the Indian and international insurance and...

View firm profile
Explore more from Tuli & Co

As a part of the IRDAI's continued efforts to enhance reinsurance business and in order to streamline the regulatory provisions for Indian Insurers, ...

IndiaInsurance
Celia Jenkins
Celia Jenkins
Anuj Bahukhandi
Anuj Bahukhandi
Priti Singh
Priti Singh
Author LinkedIn connections

Introduction

As a part of the IRDAI's continued efforts to enhance reinsurance business and in order to streamline the regulatory provisions for Indian Insurers, including Foreign Reinsurance Branches (FRBs) and International Financial Service Centre Insurance Offices (IIOs), the regulator notified the IRDAI (Re-insurance) (Amendment) Regulations 2023 (Amendment Regulations) on 23 August 20231.

The Amendment Regulations were issued following feedback received from various stakeholders on the exposure drafts of 21 October 2022 (October Draft) and 25 November 2022 (November Draft). For reference, our articles discussing the key changes proposed under the October Draft and the November Draft can be accessed here and here.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

India’s IRDAI Overhauls The Insurance Company Share Transfer And Amalgamation Framework

On July 30, 2026, the Insurance Regulatory and Development Authority of India (the “IRDAI”) notified the IRDAI (Registration, Capital Structure, Transfer of Shares and Amalgamation of Insurers) (Amendment) Regulations, 2026 (the “Amendment Regulations”), amending the IRDAI (Registration, Capital Structure, Transfer of Shares and Amalgamation of Insurers) Regulations, 2024 (the “Principal Regulations”).
IndiaInsurance
Majmudar & Partners
Majmudar & Partners
Article

CCPA’s Guidelines On Dark Patterns: An Overview

The visual interface of ecommerce platforms increasingly influences how consumers select, purchase, subscribe to and cancel goods and services. Before the issuance of a framework specifically addressing dark patterns, the Consumer Protection Act 2019 (“Consumer Protection Act”) and the Consumer Protection (E-Commerce) Rules 2020 (“E-Commerce Rules”) already prohibited unfair trade practices in e-commerce.
IndiaConsumer Protection
Tuli & Co
Tuli & Co
Article

Termination, Recovery & Damages – Lessons From FW Aviation v Vietjet

The dispute in FW Aviation (Holdings) 1 Limited v VietJet Aviation Joint Stock Company1 has been decided through three substantial judgments of the English Commercial Court (“English Court”). Together, they address whether the aircraft leases were validly terminated, sums payable as a result of termination, and the extent to which damages could be claimed for losses arising from the condition, detention and delay in eventual export of the aircraft.
IndiaTransport
Tuli & Co
Tuli & Co