D-Slls refer to insurers of such size, market importance, and domestic and global inter connectedness, whose distress or failure would cause a significant dislocation in the domestic financial system.

D-SIIs are subjected to enhanced regulatory supervision

Hyderabad:After completing its annual exercise, the insurance regulator IRDAI has named Life Insurance Corporation,New India Assurance and GIC Re as three Domestic Systemically Important Insurers (D-SIIs) for FY 2025-26. All three have been categorised as D-SIIs since FY 2024-25:

D-Slls refer to insurers of such size, market importance, and domestic and global inter connectedness, whose distress or failure would cause a significant dislocation in the domestic financial system. Therefore, the continued functioning of D-Slls is critical for the uninterrupted availability of insurance services to the national economy.

Given the nature of their operations and the systemic importance of the D-Slls, these insurers have to carry forward their efforts on raising the level of corporate governance, identifying all relevant risks and promoting a sound risk management framework and culture.

D-SIIs are subjected to enhanced regulatory supervision.