Insight and Intelligence on the London & International Insurance Markets

24 January 2018

Search archive

Indian brokers oppose right of refusal rules

Catrin Shi 6 January 2017

Indian (re)insurance brokers have called for the abolition of right of first refusal rules for reinsurance business in the country, claiming the proposed regulations are anti-competitive.

In a letter to insurer CEOs seen by The Indian Express, the Insurance Brokers Association of India (IBAI) called for the immediate repeal of the "regressive, anti-policyholder and anti-competitive" regulation.

"IBAI is of the strong view that for a more balanced and policyholder-centric interpretation in line with principal objectives of the regulation, the reinsurance...

If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership


Euromoney Trading Limited - 3rd Floor, 41 Eastcheap, London, EC3M 1DT, United Kingdom. The content of this website is copyright of Euromoney Trading Limited 2018. All rights reserved Euromoney Trading Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.