Request a Demo

By clicking Submit, you acknowledge that you have read and agree with the Privacy Policy
Contact Info
Unit 266, 267 & 268, Tower B1, Spaze Itech Park Sohna Road Gurugram, Haryana 122018 connect@complinity.com +91 8181 900 600
Follow Us

A Multi-Concept Theme for Digital Agencies and Startups

8181 900 600 Request a Demo Login
logo dark logo light logo
  • Products
    • Compliance Management Software
    • Contract Management Software
    • Secretarial Compliance Software
    • Litigation Management Software
    • Audit Management Software
    • Internal Financial Control Software
    • Enterprise Risk Management Software
  • Pricing
  • Industries
    • Pharmaceutical
    • Hospitality
    • BFSI
    • Manufacturing
    • NBFC
    • Renewable Energy
    • Agriculture
    • ITeS
    • Real Estate
    • Automobile
  • Legal Updates
  • Blogs
  • Videos
  • Downloads
  • Careers
Contact Sales
logo dark logo light logo
  • Products
    • Compliance Management Software
    • Contract Management Software
    • Secretarial Compliance Software
    • Litigation Management Software
    • Audit Management Software
    • Internal Financial Control Software
    • Enterprise Risk Management Software
  • Pricing
  • Industries
    • Pharmaceutical
    • Hospitality
    • BFSI
    • Manufacturing
    • NBFC
    • Renewable Energy
    • Agriculture
    • ITeS
    • Real Estate
    • Automobile
  • Legal Updates
  • Blogs
  • Videos
  • Downloads
  • Careers
Contact Sales
Mobile Logo
  • Products
    • Compliance Management Software
    • Contract Management Software
    • Secretarial Compliance Software
    • Litigation Management Software
    • Audit Management Software
    • Internal Financial Control Software
    • Enterprise Risk Management Software
  • Pricing
  • Industries
    • Pharmaceutical
    • Hospitality
    • BFSI
    • Manufacturing
    • NBFC
    • Renewable Energy
    • Agriculture
    • ITeS
    • Real Estate
    • Automobile
  • Legal Updates
  • Blogs
  • Videos
  • Downloads
  • Careers
Industry Specific - Insurance Central Insurance Regulatory Development Authority Insurance Act, 1938

Insurance Regulatory and Development Authority of India (Re-insurance) (Amendment) Regulations, 2023

22-Aug-2023 | F. No. IRDAI/ Reg/5/193/2023

Insurance Regulatory and Development Authority of India (IRDAI) has issued a notification concerning the issuance of the Insurance Regulatory and Development Authority of India (Re-insurance) (Amendment) Regulations, 2023. These amendments will come into effect from 22nd August 2023, modifying provisions within the following regulations:

a. Insurance Regulatory and Development Authority of India (Re-insurance) Regulations, 2018.
b. Insurance Regulatory and Development Authority of India (Registration and Operations of Branch Offices of Foreign Re-insurers other than Lloyd?s) Regulations, 2015.
c. Insurance Regulatory and Development Authority of India (Lloyd?s India) Regulations, 2016.

Key highlights of the amendments are as follows:

Objective: The main objectives of these amendments are to harmonize the provisions applicable to Indian Insurers, Indian Re-insurers, Foreign Re-insurance Branches (FRBs), and IFSC Insurance Offices (IIOs). These changes aim to encourage more reinsurers to establish operations in India and enhance the ease of doing business.

Amendments to the Insurance Regulatory and Development Authority of India (Re-insurance) Regulations, 2018:

1. These Regulations shall be applicable to Insurers as defined under Section 2(9) of the Act, and exempted insurers as envisaged under Section 118(c) of the Act.
2. These Regulations shall be reviewed once every three years from the date of notification of the Insurance Regulatory and Development Authority of India (Re-insurance) (Amendment) Regulations, 2023, unless a review, repeal, or amendment is warranted earlier.

Maintenance of Records: The Indian insurers are required to maintain a record of the list of Re-insurers with their credit ratings, shares in the proportional and non-proportional Re-insurance arrangements, and each re-insurance contract. These records should be maintained as per the period specified in the relevant existing regulations.

Upgrade to paid version to access the Notification, Circular & Rules along with the checklist

Get Legal Updates in your email

Request a Demo

Recent Posts in Corporate Laws

Corporate Laws

RBI issues the RBI (Local Area Banks – Financial Statements: Presentation and Disclosures) Third Amendment Directions, 2026

18-May-2026 | RBI/2026-27/92 DOR.MRG.REC.No.80/21-04-018/2026-27

RBI has issued the RBI (Local Area Banks – Financial Statements: Presentation and Disclosures) Third Amendment Directions, 2026 Thro

Read More
Corporate Laws

RBI issues the RBI (Commercial Banks – Financial Statements: Presentation and Disclosures) Sixth Amendment Directions, 2026

18-May-2026 | RBI/2026-27/91 DOR.MRG.REC.No.79/21-04-018/2026-27

RBI has issued the RBI (Commercial Banks – Financial Statements: Presentation and Disclosures) Sixth Amendment Directions, 2026. Thr

Read More
Corporate Laws

RBI issues the RBI (Commercial Banks – Prudential Norms on Capital Adequacy) Sixth Amendment Directions, 2026

18-May-2026 | RBI/2026-27/90 DOR.MRG.REC.No.78/21-01-002/2026-27

RBI has issued the RBI (Commercial Banks – Prudential Norms on Capital Adequacy) Sixth Amendment Directions, 2026. Through this amen

Read More
Corporate Laws

RBI issues the RBI (Regional Rural Banks - Classification, Valuation, and Operation of Investment Portfolio) Amendment Directions, 2026

18-May-2026 | RBI/2026-27/89 DOR.MRG.REC.No.77/00-00-001/2026-27

RBI has issued the RBI (Regional Rural Banks - Classification, Valuation, and Operation of Investment Portfolio) Amendment Directions, 2026.

Read More

Recent Posts

Corporate Laws

RBI issues the RBI (Local Area Banks – Financial Statements: Presentation and Disclosures) Third Amendment Directions, 2026

18-May-2026 | RBI/2026-27/92 DOR.MRG.REC.No.80/21-04-018/2026-27

RBI has issued the RBI (Local Area Banks – Financial Statements: Presentation and Disclosures) Third Amendment Directions, 2026 Thro

Read More
Corporate Laws

RBI issues the RBI (Commercial Banks – Financial Statements: Presentation and Disclosures) Sixth Amendment Directions, 2026

18-May-2026 | RBI/2026-27/91 DOR.MRG.REC.No.79/21-04-018/2026-27

RBI has issued the RBI (Commercial Banks – Financial Statements: Presentation and Disclosures) Sixth Amendment Directions, 2026. Thr

Read More
Corporate Laws

RBI issues the RBI (Commercial Banks – Prudential Norms on Capital Adequacy) Sixth Amendment Directions, 2026

18-May-2026 | RBI/2026-27/90 DOR.MRG.REC.No.78/21-01-002/2026-27

RBI has issued the RBI (Commercial Banks – Prudential Norms on Capital Adequacy) Sixth Amendment Directions, 2026. Through this amen

Read More
Corporate Laws

RBI issues the RBI (Regional Rural Banks - Classification, Valuation, and Operation of Investment Portfolio) Amendment Directions, 2026

18-May-2026 | RBI/2026-27/89 DOR.MRG.REC.No.77/00-00-001/2026-27

RBI has issued the RBI (Regional Rural Banks - Classification, Valuation, and Operation of Investment Portfolio) Amendment Directions, 2026.

Read More
Request a Demo

Request a Demo

By clicking Submit, you acknowledge that you have read and agree with the Privacy Policy

Complinity Logo Transparent

Complinity is a comprehensive cloud-based Compliance Management Software that helps track and monitor statutory and regulatory compliances.

Quick Links
  • Compliance Software
  • Regulatory Compliance Software
  • Statutory Compliance Software
  • Compliance Tracking Software
  • Legal Updates
Contact Info
Unit 266, 267 & 268, Tower B1
Spaze Itech Park, Sohna Road
Gurugram, Haryana 122018
connect@complinity.com
+91 8181 900 600

Request a Demo

© 2026 Complinity Technologies Private Limited. | Privacy Policy | Data Processing Addendum

Design & Developed By  Infinite IT Solutions

Request a Demo

By clicking Submit, you acknowledge that you have read and agree with the Privacy Policy
Powered by EssentialPlugin

Request a Demo

By clicking Submit, you acknowledge that you have read and agree with the Privacy Policy

Thank You for your interest in Complinity. Your CV has been forwarded to HR.
In case your profile is shortlisted, HR shall contact you.