Domestic Systemically Important Insurers (D-SIIs)
- Recently, Insurance Regulatory and Development Authority of India (IRDAI) released 2023-24 – List of D-SIIs.
- Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC Re) and New India Assurance Company continue to be identified as D-SIIs.
- D-SIIs refer to insurers of such size, market importance, and domestic and global inter connectedness, whose distress or failure would cause a significant dislocation in the domestic financial system.
- D-SIIs are perceived as ‘too big or too important to fail’ ....
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