The Insurance Regulatory and Development Authority of India has chosen 15 foreign-linked firms to lead the way in India's adoption of IFRS 17, as part of efforts to attract foreign investment.
The FSC has eased upcoming risk-based capital rules, giving respite to the struggling insurance sector already burdened by surging FX hedging costs, due to rising US interest rates.
The Abrdn and Quinlan Associates produced report surveyed 56 senior executives across 43 markets. (Re)in Asia reviewed the report and compiled a summary of its key points.
