Speaking last week in Mumbai, India at the 2026 IFSCA-IRDAI Global Reinsurance Summit, Shri K. Rajaraman, chairman, IFSCA, highlighted how the regulator is working on a framework that would enable re/insurers to set up reinsurance sidecars in a special purpose insurance (SPI) framework, and standardise parametric solutions to attract global institutional capital.
This heavily implies that collateralized reinsurance would also be in scope for the regulator’s SPI structure.
Speaking at the summit, Rajaraman, Chairman of the International Financial Services Centres Authority said: “A central objective of the GRS 2026 is the advancement of the ILS and catastrophe bond framework within India, specifically through the GIFT-IFSC jurisdiction.
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