Irdai keeps FY27 cession rate at 4%, backs GIC Re role
Published on: April 18, 2026, 6:59 a.m. | Source: The Economic Times
Irdai has maintained the mandatory 4% cession rate for FY27, directing general insurers to place this share with GIC Re. This decision aims to solidify GIC Re's position in India's reinsurance market, despite the entry of new domestic players like Jio-Allianz Re and Valueattics Re, who are poised to challenge its dominance.
