Question
What is the new minimum capital requirement set by the
Insurance Regulatory and Development Authority of India (IRDAI) for foreign reinsurance branches (FRBs)?Solution
The Insurance Regulatory and Development Authority of India (IRDAI) has slashed the minimum capital requirement for foreign reinsurance branches (FRBs) from Rs 100 crore to Rs 50 crore with the provision to repatriate any excess assigned capital.
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