The Insurance Regulatory and Development Authority of India (IRDAI) has published its FY 2025-26 list of Domestic Systemically Important Insurers (D-SIIs), with no change from FY 2024-25. The insurers identified are Life Insurance Corporation of India, The New India Assurance Company Ltd., and General Insurance Corporation of India. IRDAI describes D-SIIs as insurers whose size, market importance, and domestic and global interconnectedness mean that distress or failure could significantly disrupt the domestic financial system, making their continued functioning critical for uninterrupted insurance services. The identified D-SIIs are subject to enhanced regulatory supervision and are expected to continue efforts to strengthen corporate governance, identify all relevant risks, and promote a sound risk management framework and culture.
Insurance Regulatory and Development Authority of India 2026-04-02
Insurance Regulatory and Development Authority of India reaffirms three Domestic Systemically Important Insurers for FY 2025-26
The Insurance Regulatory and Development Authority of India has published its FY 2025-26 list of Domestic Systemically Important Insurers, unchanged from FY 2024-25. Life Insurance Corporation of India, The New India Assurance Company Ltd., and General Insurance Corporation of India remain subject to enhanced regulatory supervision and expectations on governance, risk identification, and risk management frameworks.