Insurance & Reinsurance in India

AMLEGALS is one of the most promising and authorative law firm for insurance & reinsurance in India.

Our specialised team of lawyers in Mumbai & Ahmedabad handles the following in the domain of insurance & reinsurance in India

Regulatory Advisory
Drafting & vetting of Contracts
Holistic advisory on existing & new products
Policy formulations
Safeguards
Risk averments
Reinsurance management

The Regulations

IRDAI (Re-insurance) Regulations, 2018 which came into effect from January 1, 2019, has brought new dynamics and much awaited changes in entire insurance and reinsurance industry in India.

The aforesaid regulation had been made applicable to “Indian Insurer”. The word “insurer” itself is very exhaustive and it includes the following :
a.Indian Insurance Companies,
b.Insurance co-operative societies,
c.Statutory bodies carrying on insurance business, and
d.Foreign Reinsurer’s Branches(FRBs) in India.

Consolidation

The aforesaid Regulations have finally brought a uniformity in provisions meant for reinsurance business in India be it for life or general reinsurance businesses.

While the objective of maximising retention of reinsurance in India seems to have been served with the said Regulation but at the same it has resulted into providing a level playing field for both the FRBs and Indian Reinsurers for reinsurance of general insurance risks in India.

The reinsurance in India is at nascent stage and a very big business is on card for reinsurance players in India.

To know more on our practice in insurance and reinsurance in India, feel free to connect with mumbai@amlegals.com.

+91-8448548549

info@amlegals.com

Navigation

Practice Areas

© 2020-21 AMLEGALS Law Firm in Ahmedabad, Mumbai, Kolkata, New Delhi, Bengaluru for IBC, GST, Arbitration, Contract, Due Diligence, Corporate Laws, IPR, White Collar Crime, Litigation & Startup Advisory, Legal Advisory.

Disclaimer & Confirmation As per the rules of the Bar Council of India, law firms are not permitted to solicit work and advertise. By clicking on the “I AGREE” button below, user acknowledges the following:

- there has been no advertisements, personal communication, solicitation, invitation or inducement of any sort whatsoever from us or any of our members to solicit any work through this website;
- user wishes to gain more information about AMLEGALS and its attorneys for his/her own information and use;

the information about us is provided to the user on his/her specific request and any information obtained or materials downloaded from this website is completely at their own volition and any transmission, receipt or use of this site does not create any lawyer-client relationship; and that
We are not responsible for any reliance that a user places on such information and shall not be liable for any loss or damage caused due to any inaccuracy in or exclusion of any information, or its interpretation thereof.

However, the user is advised to confirm the veracity of the same from independent and expert sources.

I Agree I Disagree