CS Professional · IFSCA - Regulations, Listing and Compliances · Insurance and Reinsurance
Ishaan Risk Partners wants to place reinsurance for insurers by approaching reinsurers, charging brokerage, and not accepting any risk itself. Which registration is appropriate?
Ishaan needs IFSCA registration as an insurance intermediary, specifically a broker handling reinsurance placement. Not accepting risk means it is not a reinsurer, yet earning brokerage for placing business still requires registration, so it cannot operate without it.
- ARegistration as an insurance intermediary (reinsurance/insurance broker) with IFSCACorrect
- BRegistration as a reinsurer
- CRegistration as a finance company
- DNo registration needed as it takes no risk
Explanation
Placing reinsurance for brokerage is an intermediary activity requiring IFSCA registration as a broker. Not bearing risk makes it not a reinsurer, but it does not remove the registration requirement.
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