The Insurance Regulatory and Development Authority of India (IRDAI), on August 28, 2026, migrated various reinsurance regulatory returns and related functionalities to its upgraded Business Analytics Platform (BAP) to streamline regulatory reporting and reinsurance-related processes. The migrated functionalities include Reinsurance Regulatory Returns, Reinsurance Summary Formats (Advance and Final), applications for File Reference Numbers (FRNs) for Cross Border Reinsurers (CBRs), and applications concerning the appointment and remuneration of Chairpersons/CEOs of reinsurers and Foreign Reinsurer Branches (FRBs).
All insurers, reinsurers, FRBs, Lloyd’s India and its constituents are required to make submissions through the integrated Reinsurance BAP portal. The specified submissions include Reinsurance Regulatory Returns from FY 2024-25, Corporate Governance Returns from FY 2025-26, Pool Administrator Returns from FY 2024-25, and Final Reinsurance Programme Summary Returns from FY 2026-27, along with approval requests relating to appointment/remuneration of CEOs/KMPs and FRN applications for CBRs.
The operational guidelines and instructions for the various reinsurance functionalities are available on the BAP portal. Accordingly, the concerned entities should use the integrated BAP portal for the specified reinsurance submissions and applications going forward.
[Ref. No. IRDAI/REINS/CIR/MISC/114/08/2026]
