INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA
Ref. No:IRDAI/NL/WG/SB/375/2020-21
Date:19-10-2020
Exposure Draft
Re: Report of the Working Group (WG) on suitability of offering of Surety Bond by Indian Insurance Industry
A Working Group was set up by the Authority vide order Ref: IRDAI/NLWG-SB/95/2020-21 dated 24.07.2020 to study the Suitability of offering Surety Bonds by Indian Insurance Industry.
The Working Group has submitted its report in which it has made various recommendations related to underwriting of such risks.
We now place the report of the Working Group and seek the valuable inputs of all stakeholders on the recommendations (page numbers 51 to 61) made in the report. Please give your feedback in the attached format on or before 9th November, 2020 to the following e-mail ids:
wg-suretybond@irdai.gov.in
ramasudheer@irdai.gov.in
Yegnapriya Bharath
Chief General Manager (Non-life)
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