Regulatory Alerts2017-08-25 | 29559Reinsurance Arrangements for General Companies (2013)
The Insurance Sector regulator mandates that all general insurance companies implement standardized reinsurance arrangements to ensure adequate risk transfer and capital adequacy. These arrangements require companies to maintain documented reinsurance agreements, conduct regular risk assessments, and report compliance metrics to the supervisory authority. Effective in 2013, the directive establishes compliance deadlines and enforcement mechanisms to mitigate systemic exposure and strengthen market stability.
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