Public Disclosures by FRBs_Lloyd’s India

IRDAI vide reference no. IRDAI/REIN/CIR/MISC/112/6/2022 has issued a Circular on ‘Disclosures by FRBs/Lloyd’s India’ dated June 3, 2022 (Circular).

Foreign Reinsurance Branches (FRBs) and Lloyd’s India do not directly deal with retail customers and accordingly the Authority has modified or rationalized their Public Disclosure requirements as under:

Name of the Form

Modified requirement

NL-5 Claims Schedule

Uploading under public disclosures is not needed.

However, these formats shall be sent to the Authority by e-mail at reinsurance@irdai.gov.in

NL-20 Analytical Ratios Schedule

NL-23 – Solvency Margin GI TA

The Forms shall be published Annually under public disclosures instead of half-yearly

NL-24 – Solvency Margin GI TR

NL-25 – Solvency Margin GI SM Table IA

NL-26 – Solvency Margin GI SM Table IB

The Circular shall come into force with immediate effect.

Source category: IRDAI