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Irdai keeps FY27 cession rate at 4%, backs GIC Re role
April 18, 2026
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Posted 2 hours ago by
Irdai has maintained the mandatory 4 cession rate for FY27, directing general insurers to place this share with GIC Re. This decision aims to solidify GIC Re's position in India's reinsurance market, despite the entry of new domestic players like Jio-Allianz Re and Valueattics Re, who are poised to challenge its dominance.
Economic Times
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India
Bias: center
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