IRDAI Reforms: Lowering Solvency Requirement and Surety Bond Exposure Limits
IRDAI Lowers Solvency Requirement and Removes Exposure Limit for Surety Bonds The Insurance Regulatory and Development Authority of India (IRDAI) has recently announced significant changes in the solvency requirement and exposure limit for surety bonds. This move aims to enhance liquidity and boost growth opportunities within the insurance sector. Why this News is Important Impact…