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Checkmate for Chinese firms in India's growing reinsurance market

The insurance business, by its nature, collects enormous data about Indians and is regarded as an economically sensitive sector

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5 min read Last Updated : May 30 2023 | 8:53 AM IST

A clutch of regulatory changes announced earlier this year throws a spanner in the works for Chinese reinsurance firms pitching to do business in India, a coveted marketplace of the sector.

The insurance business, by its nature, collects enormous data about Indians and is regarded as an economically sensitive sector. This concern could have played a role in the risk assessment the Insurance Regulatory and Development Authority of India (Irdai) made about domestic firms' exposure to Chinese re-insurance, said a sector leader in India on the condition of anonymity.

It is like this. Irdai issues every year a file reference

Topics : IRDAI Insurance industry Chinese firms India

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