Insurance EuropeInsurance Europe
Position Paper
Comments to IRDA on the proposed insurance clearing house

First and foremost, Insurance Europe understands the IRDA’s goal of improving the effective reconciliation of inter-company balances, particularly in reinsurance and coinsurance businesses. However, Insurance Europe believes that establishing a mandatory central accounting and settlement model, as proposed in the Exposure Draft, may not only not achieve this goal, but have important drawbacks.

Published 2 April 2014
Cristina Mihai
Cristina Mihai
Head of prudential regulation & international affairs