The development comes as Japanese life insurers are looking to lift portfolio yields after years of balance-sheet rebalancing ahead of new capital rules.
Prudential’s planned acquisition of a 75% stake in Bharti Life Insurance will trigger regulatory requirements on its shareholding in ICICI Prudential Life Insurance.
Following feedback from 42 respondents, the Insurance Authority has finalised amendments to the RBC regime, with additional guidance to be issued ahead of implementation.