Regulatory Alerts2020-12-22 | 29668Reinsurance Arrangements 2021: General Insurance
The Insurance Sector regulatory authority issued the Reinsurance Arrangements 2021 to establish binding reinsurance requirements for general insurance companies, mandating standardized contractual terms, capital adequacy calculations, and risk transfer criteria. These arrangements require insurers to maintain specific reinsurance contracts that satisfy defined financial resilience thresholds and reporting obligations. Full compliance ensures transparent risk allocation, consistent regulatory oversight, and enhanced market stability across the general insurance sector.
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