Partner, Itee Singhal and Associate, Deekhit Bhattacharya have authored an article titled, ‘Re-Insurance Framework of the GIFT-IFSC’.
Re-insurance is a critical pillar of the global insurance ecosystem, enabling insurers to manage the risk effectively and ensure financial stability across complex sectors such as aviation, shipping, and healthcare. The GIFT IFSC, which has its own carved out re-insurance framework, offers the flexibility to do re-insurance business both in India and outside India. It has the potential to become global re-insurance hub, owing to the light touch regulations, market access and burgeoning financial services ecosystem.
This article provides an overview of the evolving reinsurance landscape and discusses the broad contours of the reinsurance framework of GIFT IFSC. It explores the advantages offered by the IFSC framework, key market developments, and recent reforms that are shaping the re-insurance ecosystem. The article also highlights the growing traction among global players and the strategic policy initiatives aimed at positioning GIFT-IFSC as a competitive and future-ready re-insurance jurisdiction.
whilst wrongfully claiming to be part of our Firm and making false claims and allegations. These individuals are also impersonating the Firm by creating fake email addresses and Facebook page while using the LUTHRA marks.