Friday, July 15, 2011

IRDA ISSUES DRAFT LISTING NORMS

Insurers need to either have embedded value (EV) twice the paid-up capital or a profitable track record of three years to tap the capital market. Embedded value is the sum of the shareholders' net assets and the value of its in force business. The EV calculation has to be prepared by two independent actuarial or auditing experts.( Chartered Accountants)

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