Checkmate for Chinese firms in India's growing reinsurance market

A clutch of regulatory changes announced earlier this year throws a spanner in the works for Chinese reinsurance firms pitching to do business in India, a coveted marketplace of the sector.

The insurance business, by its nature, collects enormous data about Indians and is regarded as an economically sensitive sector. This concern could have played a role in the risk assessment the Insurance Regulatory and Development Authority of India (Irdai) made about domestic firms' exposure to Chinese re-insurance, said a sector leader in India on the condition of anonymity.

It is like this. Irdai issues every year a file reference