India’s IRDAI deems GIC Re, LIC and NIA ‘too big to fail’

Indian gov

The Insurance Regulatory Authority of India (IRDAI) has identified General Insurance Corporation of India (GIC Re), life insurer LIC, and non-life insurer NIA as domestic systemically important insurers (D-SIIs) and said that these companies will now be subject to higher standards of regulatory supervision.

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