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India Insurance Industry - Governance, Risk and Compliance

Publisher GlobalData
Published Jul 25, 2025
Length 325 Pages
SKU # GBDT20768560

Description

India Insurance Industry - Governance, Risk and Compliance

Summary

GlobalData’s ‘India Insurance Industry - Governance, Risk and Compliance’ report is the result of extensive research into the insurance regulatory framework in India.

It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries.

The report brings together GlobalData’s research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and legal system in the country. The report also includes the scope of non-admitted insurance in the country.

The report provides insights into the governance, risk, and compliance framework pertaining to the insurance industry in India, including -
  • An overview of the insurance regulatory framework in India.
  • The latest key changes, and changes expected in the country’s insurance regulatory framework.
  • Key regulations and market practices related to different types of insurance product in the country.
  • Rules and regulations pertaining to key classes of compulsory insurance, and the scope of non-admitted insurance in the country.
  • Key parameters including licensing requirements permitted foreign direct investment, minimum capital requirements, solvency and reserve requirements, and investment regulations.
  • Details of the tax and legal systems in the country.
Key Highlights
  • IRDAI regulates the Indian insurance industry
  • The practice of non-admitted insurance is limited to the reinsurance segment.
  • Foreign direct investment (FDI) limit in the Indian insurance industry was increased from 26% to 49% with the
  • enactment of the Insurance Law (Amendments) Act 2015 in March 2015.
  • Composite insurance is not permitted in the Indian insurance industry.
  • IRDAI is planning to adopt risk-based solvency requirements for insurance companies operating in India
Scope
  • The report covers details of the insurance regulatory framework in India.
  • The report contains details of the rules and regulations governing insurance products and insurance entities.
  • The report lists and analyzes key trends and developments pertaining to the country's insurance regulatory framework.
  • The report analyzes the rules and regulations pertaining to the establishment and operation of insurance businesses in the country.
  • The report provides details of taxation imposed on insurance products and insurance companies.
Reasons to Buy
  • Provides FAQ-style analytical insights comprising 129 knowledge elements on insurance compliance applicable to the country.
  • Gain insights into the insurance regulatory framework in India.
  • Track the latest regulatory changes, and expected changes impacting the Indian insurance industry.
  • Gain detailed information about the key regulations governing the establishment and operation of insurance entities in the country.
  • Understand key regulations and market practices pertaining to various types of insurance product.

Table of Contents

325 Pages
INDIA
Legislation Overview
Supervision and Control
Legislation
Compulsory Insurance
Non-Admitted Insurance Regulations
Company Registration and Operation
License
Foreign Direct Investment / Ownership
Minimum Capital Requirements
Solvency Margins
Reserve Requirements
Statutory Return Requirements
Fee Structure
Taxation
Tax on Insurance Premium
Corporate Income Tax
Corporate Capital Gains Tax
Value Added Tax
Legal System
Policy Practice
About GlobalData
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List of Tables
Table 1: India – MTPL Insurance Premium Rates For 2023–24
Table 2: India - Non-admitted reinsurance rating requirements
Table 3: India  - Minimum collateral amount
Table 4: Pertaining to Directorship [Refer Proviso to Regulation 6(7)(iii)]
Table 5: Factors for Calculation of RSM - Energy - Oil Rig
Table 6: Factors for Calculation of RSM - Energy - Operational Energy
Table 7: Factors for Calculation of RSM - Clinical Trials
Table 8: Factors for Calculation of RSM - Transit
Table 9: Factors for Calculation of RSM - Professional Risks
Table 10: Factors for Calculation of RSM - Employers' Liability/workers compensation
Table 11: Factors for Calculation of RSM - Personal Accident
Table 12: Factors for Calculation of RSM - Marine
Table 13: Factors for Calculation of RSM - Engineering
Table 14: Factors for Calculation of RSM - Business Interruption
Table 15: Factors for Calculation of RSM - Property
Table 16: Factors for Calculation - Liability
Table 17: Factors for Calculation - Motor
Table 18: Factors for Calculation - Healthcare
Table 19: Factors for Calculation of Required Solvency Margin
Table 20: Matrix 1A: Investment Asset Exposure Matrix to Equity, Group, and Industry for investment of unit-linked business assets
Table 21: Matrix 1B: Investment Asset Exposure Pattern Matrix for certain IIOs
Table 22: Statutory Return Requirements for (Re)insurers As Per The Master Circular
Table 23: Forms to file quarterly returns with the IRDAI
Table 24: Statutory Return requirements on business statistics for (re)insurers under BAP/Email
Table 25: India – Corporate Tax Rates for the Resident Companies for 2025
Table 26: India – Minimum Alternate Tax Rates for `2025
Table 27: India – Corporate Tax Rates for 2025
Table 28: India – Computation Method for Motor Accident Claims
Table 29: MTPL Insurance Tariff Rates
Table 30: Basis of the percentage of regular premium pure risk busines
Table 31: Basis of the percentage of regular premium
Table 32: Regular premium pure risk business
Table 33: Regular premium

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