Which domestic insurance companies have been identified as systemically important for financial stability of the economy in FY2023-24?
D-Slls are perceived as insurers that are 'too big or too important to fail'. This perception and perceived expectation of government support may amplify risk-taking, reduce market discipline and increase the possibility of distress in the future. These considerations require that D-Slls be subjected to additional regulatory measures to deal with systemic risks.
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