Go Digit Founder-Backed Valueattics Gets Reinsurer Licence

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SUMMARY

In its order, the insurance regulator noted the approval marks a “significant step” in fostering competition in the Indian reinsurance space

Meanwhile, the reinsurance company said that it will launch operations with an initial paid-up capital of INR 210 Cr

With this, Valueattics Reinsurance will become the first private sector reinsurer to receive certificate of registration from IRDAI

The Insurance Regulatory and Development Authority of India (IRDAI) has granted regulatory approval to Go Digit founder and…



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Go Digit Founder-Backed Valueattics Gets Reinsurer Licence


SUMMARY

In its order, the insurance regulator noted the approval marks a “significant step” in fostering competition in the Indian reinsurance space

Meanwhile, the reinsurance company said that it will launch operations with an initial paid-up capital of INR 210 Cr

With this, Valueattics Reinsurance will become the first private sector reinsurer to receive certificate of registration from IRDAI

The Insurance Regulatory and Development Authority of India (IRDAI) has granted regulatory approval to Go Digit founder and…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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