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India advised to regulate for insurance-linked securities & cat bonds

In order to develop India’s International Financial Services Centre (IFSC) into a competitive global insurance and reinsurance hub, a committee has advised that offering regulated frameworks for insurance-linked securities (ILS) such as catastrophe bonds is critical.
India’s International Financial Services Centers Authority (IFSCA) put together a committee led by senior insurance market leaders from the country, asking them to make recommendations on areas of future development for the IFSC, in order to make it a more competitive global insurance and reinsurance centre.

These days, any respected global re/insurance hub tends to have the ability to host insurance-linked securities (ILS) transactions and it seems India has that ambition as well.


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