Announcement
22 Aug 2023
In August 2023, the Insurance Regulatory and Development Authority of India reduced the minimum capital requirement for branches of foreign reinsurance companies.
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Number of interventions
1
0 certainly harmful
0 likely harmful
1 liberalising
List of interventions
Implementation date
23 Aug 2023
Revocation date:
No revocation date
Updated: 22 Aug 2023
FDI: Entry and ownership rule
In force
On 22 August 2023, the Insurance Regulatory and Development Authority of India reduced the minimum capital requirement for branches of foreign reinsurers from INR 100 crore to INR 50 crore (USD 12....
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