Wholesale reinsurance provider Swiss Re has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) to open a branch in the city. With the composite branch license, Swiss Re will be able to operate in India and it can offer both non-life and life and health reinsurance solutions directly to clients and brokers in the country. Swiss Reinsurance Company, India Branch, will begin its operation from February 1, 2017.
So, let’s discuss some questions related to this post:
Q1. Name the Company, which has get the approval from the IRDAI to open branch in Mumbai city, recently?
Ans1. Swiss Re
Source-The Indian Express