It is important to understand the reasoning behind the separation in the Insurance Act, 2017 of the 9 classes of life insurance and 17 classes of non-life insurance. The key to what is non-life insurance business is that, by definition, a non-life insurer ƒÆ’¢ƒ¢¢â‚¬Å¡¬ƒ..."undertakes to meet insurance obligations that fully or partially indemnifies loss on the happening of an unplanned or uncertain eventƒÆ’¢ƒ¢¢â‚¬Å¡¬ƒâ€š. Download Regulatory Update
