Kiwi's General Insurance application clears R1 stage
R1 application
of Westbridge Capital-backed
Kiwi General Insurance
, marking the first stage in the licensing process for a new general insurer.
The approval was granted during IRDAI's third meeting of FY26 on Monday.
IRDAI
also constituted panels of Whole-Time Members to examine share transfer requests and regulatory violations by insurers and intermediaries under the Insurance Act.
These panels are empowered to take enforcement actions where necessary. Separately, IRDAI reviewed progress on implementing the
Indian Risk-Based Capital regime
and discussed findings from the first Quantitative Impact Study (QIS 1) with feedback from insurers and working groups. Our Bureau
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