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Insurance regulator IRDAI retains LIC, GIC Re, New India Assurance as D-Slls

Insurance regulator IRDAI retains LIC, GIC Re, New India Assurance as D-Slls
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LIC, GIC Re, New India continue to be D-SIIs for 2023-24: IRDAI

LIC, GIC Re, New India continue to be D-SIIs for 2023-24: IRDAI
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Which domestic insurance companies have been identified as systemically important for financial stability of the economy in FY2023-24?

D-Slls are perceived as insurers that are too big or too important to fail . This perception and perceived expectation of government support may amplify risk-taking, reduce market discipline and increase the possibility of distress in the future. These considerations require that D-Slls be subjected to additional regulatory measures to deal with systemic risks. ....

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PSU general insurers need to be turned around - The Hindu BusinessLine

PSU general insurers need to be turned around - The Hindu BusinessLine
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LIC, GIC, New India Assurance remain Domestic Systemically Important Insurers: Irdai

Domestic Systemically Important Insurers (D-SIIs) refer to insurers of such size, market importance, and domestic and global interconnectedness, whose distress or failure would cause a significant dislocation in the domestic financial system. ....

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