Question

In India, who monitors the solvency margin of insurers and reinsurers as a key measure of their financial health and business continuity?

a.

Standard and Poor

b.

A .M. Best

c.

IRDA

d.

Duff & Phelps

Posted under IC85 Reinsurance Management

Answer: (c).IRDA Explanation:In India, the IRDA (Insurance Regulatory and Development Authority) is the regulatory body responsible for monitoring the solvency margin of insurers and reinsurers. The solvency margin is a crucial measure of an insurer's financial health and its ability to meet its obligations to policyholders. IRDA sets the solvency requirements and ensures that insurance companies maintain an adequate solvency margin to safeguard the interests of policyholders and ensure the stability of the insurance industry. IRDA plays a vital role in supervising and regulating the operations of insurers and reinsurers in India to maintain a healthy and sustainable insurance market.

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Q. In India, who monitors the solvency margin of insurers and reinsurers as a key measure of their financial health and business continuity?
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