Regulatory Alerts2017-08-25 | 23909Reinsurance Arrangements (General Insurance) – 2015
The Insurance Sector regulator issued the 2015 Reinsurance Arrangements instrument to standardize how general insurance entities manage reinsurance contracts. It requires licensed insurers to establish approved reinsurance frameworks, maintain adequate capital coverage for ceded risks, and submit periodic compliance reports to the supervisory authority. These mandates enhance financial stability, mitigate counterparty default risks, and ensure consistent regulatory oversight across the general insurance market.
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