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The Insurance Regulatory and Development Authority of India grants approvals and allots Filing Reference Numbers to specific Cross Border Reinsurers that do not fulfill stipulated eligibility criteria for the financial year 2020-21. Insurers place reinsurance with these Cross Border Reinsurers subject to a strict percentage limit of the total reinsurance premium ceded outside India. Insurers also comply with specific regulatory guidelines.
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Reference No.:IRDA/RI/CIR/MISC/97/04/2020 Date:22/04/2020
Title:Circular Allotment of Filing Reference Number (FRN) for Cross Border Reinsurers Circular
Ref: IRDA/RI/CIR/MISC/97/04/2020 Date: 22-04-2020
To CEOs/CMDs of all Insurers and Exempted Insurers
Re: Allotment of Filing Reference Number (FRN) for Cross Border Reinsurers
| Sr. No. | FRN | Name of CBR # | Country |
|---|---|---|---|
| 1 | CBR00830268/202021 | Bao Viet Insurance Corporation | Vietnam |
| 2 | CBR00330269/202021 | Kenya Reinsurance Corporation Ltd. | Kenya |
| 3 | CBR00330270/202021 | CICA Re | Kenya |
| 4 | CBR00740271/202021 | FAIR Non – Life Reinsurance Pool | Turkey |
| 5 | CBR00060272/202021 | Republican Unitary Enterprise - “Belarusian National Reinsurance Organisation” | Belarus |
| 6 | CBR00900273/202021 | Royal Insurance Corporation of Bhutan Ltd. | Bhutan |
| 7 | CBR00590274/202021 | Insurance Company of GAZ Industry (SOGAZ) | Russia |
| 8 | CBR00900276/202021 | GIC-Bhutan Reinsurance Co. Ltd. | Bhutan |
| 9 | CBR00740275/202021 | Sompo Sigorta A.S | Turkey |
This is issued as per powers vested with the Authority under Reg. 4 (2) of the IRDAI (Re-insurance) Regulations, 2018.
Suresh Mathur • JI \It ufl ~ ffll -M M t11 qcp afR ~"11 ~ ~ ir.tai INSURANCE REGULATORY AND DEVELOPMENT AJUTHORITY OF INDIA I I I
Executive Director
