IFSCA Managing General Agents (MGA) Regulations, 2026: India’s New Delegated Underwriting Framework at GIFT City — Explained
IFSCA’s MGA Regulations, 2026 establish India’s first dedicated framework for Managing General Agents in GIFT IFSC. MGAs can underwrite risks and handle claims on behalf of foreign insurers under delegated authority arrangements, creating a new insurance distribution and underwriting model aligned with global practices.