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Insurance & Reinsurance

Solaris Legal's insurance practice advises domestic and international insurers, reinsurers, cedants, intermediaries and policyholders on contentious and non contentious matters. Instructions run from coverage advice at the point of notification through to litigation, arbitration and recovery, and extend to regulatory, licensing and product work under the Indian insurance framework.

The legal framework

The practice rests on the Insurance Act 1938 and the regulations, circulars and guidelines issued by the Insurance Regulatory and Development Authority of India. Disputes are additionally governed by the Arbitration and Conciliation Act 1996, the Consumer Protection Act 2019 and the general law of contract, and proceed before Indian courts, consumer commissions and arbitral tribunals. Cross border placements may engage the requirements of the International Financial Services Centres Authority and the law of the reinsurance market concerned.

Scope

Coverage advice at notification and in the early stages of a dispute, including instructions as coverage or monitoring counsel.

Property and engineering lines, including fire, machinery breakdown, business interruption, contractors all risks, erection all risks, industrial all risks and bespoke mega risk policies.

Financial lines, including directors and officers, errors and omissions, technology professional indemnity, commercial crime and employment practices liability.

Specialty and liability lines, including trade credit, political risk, kidnap and ransom, public offering of securities insurance, warranty and indemnity, surety bonds, product liability and recall, clinical negligence, and commercial general and public liability.

Marine claims, including cargo, hull, offshore and transit losses, pre shipment versus in transit causation, and claims under open cover and sales turnover policies.

Aviation hull and liability claims for insurers, including coordination with reinsurers and insureds.

Cyber claims arising from ransomware, data exfiltration, business email compromise and social engineering frauds, typically under digital business and data protection policies.

Reinsurance advisory on treaty and facultative placements, aggregation, claims cooperation and control, master facultative agreements and the enforceability of cut through arrangements.

Subrogation and recovery actions in India and overseas following indemnification.

Regulatory, licensing and product work under the Insurance Act 1938 and the regulations of the Insurance Regulatory and Development Authority of India (IRDAI), including distribution, intermediary remuneration, policy wordings and products such as mega risk and parametric insurance.

Writing on this subject

  • Hormuz in Crisis: What the US–Iran Conflict Means for Insurers, Reinsurers and Insureds in India

    Maya Ramesh, Anmol Dhindsa · Mondaq · 15 June 2026

  • Understanding Agency in Insurance Law: Whether the Insurance Broker is an Agent of the Insured or the Insurer

    Yogesh Singh, Manvi Adlakha · Mondaq · 11 May 2026

  • Delhi High Court reaffirms insurers’ subrogation rights

    Maya Ramesh · Mondaq · 29 July 2025

  • Law and Jurisdiction in Insurance and Reinsurance Contracts — Asia Pacific, India chapter

    Maya Ramesh · RPC Premier Law · March 2023

  • Subrogated Recoveries — Asia Pacific, India chapter

    Maya Ramesh · RPC Premier Law · 2022

All publications