Insurance

The insurance team at Shardul Amarchand Mangaldas has been at the forefront of advising clients on all aspects of insurance laws in India, from M&A transactions and corporate restructuring to private equity investments, foreign investment compliance, and insurance distribution arrangements.  A combination of insurance business knowledge, regulatory expertise, and corporate transaction skills distinguishes the firm from other practices in the market. 

The firm's core capabilities span M&A and general corporate advisory (including setting up and restructuring insurance joint ventures, foreign investments by multinational insurance groups, and IPOs of insurers and intermediaries), regulatory advice to insurers, reinsurers, brokers, corporate agents, web aggregators, and third-party administrators on licensing, distribution, remuneration, and compliance matters. 

The practice also covers reinsurance (registration of cross-border reinsurers and foreign reinsurer branches, drafting of reinsurance treaties), product development (drafting life and general insurance policies and ancillary documentation), insurance claims and coverage advisory, and representation before the Securities Appellate Tribunal in appeals against IRDAI orders. 

The Indian insurance industry has witnessed transformational regulatory changes, and the team is well-positioned to advise on the implementation and interpretation of these reforms.