IRDAI vide circular dated January 3, 2023 has issued Guidelines on issuance of File Reference Numbers (FRN) to Cross Border Reinsurers(CBR). These Guidelines aim to streamline the regulatory process with respect to cross border reinsurers.
The insurers, who wish to place re-insurance business with CBR, shall file an online application with the Authority at https://cbr.irdai.gov.in/login.aspx (CBR Portal), for allotment of FRN to CBRs under the category of either ‘Eligible CBR’ or ‘Non-Eligible CBR’.
