The Insurance Regulator has approved the R1 application of Westbridge Capital-Expedited Kiwi General Insurance, which marks the first phase of the licensing process for the new general insurer.
It was approved on Monday during the third meeting of Iradai on FY 26. Under the Insurance Act, Irdai also formed a panels of members of the entire time to investigate shares transfer requests and regulatory violations by insurers and intercourse.
These panels are given the power to implement actions where necessary. Separately, Iradai reviewed the progress on the implementation of Indian risk -based capital regime and discussed the conclusions of the first quantitative impact study (QIS 1) with the response of insurers and operational groups. Our Bureau
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