The Insurance Regulatory and Development Authority of India(IRDAI) has published the 2023-24 list of D-SIIs (Domestic Systemically Important Insurers).
- The list includes Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC Re), and New India Assurance Company.
About Domestic Systemically Important Insurers (D-SIIs):
- D-SIIs are significant due to their size, market importance, and domestic and global interconnectedness.
- Their distress or failure could significantly disrupt the domestic financial system.
- These entities are tagged as ‘too big or too important to fail’ (TBTF).
- They are subject to additional regulatory measures to ensure operational continuity.
- D-SIIs are essential for the uninterrupted availability of insurance services to the national economy.
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