IRDAI overhauls regulations to expand reinsurance market

Fitch Ratings expects reinsurance property market hardening to persist into the January 2024 renewals and beyond, although expects a deceleration when compared with 2023 as analysts feel that rate adequacy has generally been reached.The conditions are driven by the continued supply/demand imbalance as reinsurers hold firm to maintaining underwriting discipline, even in the higher interest rates en