Tough Regulations for foreign exchange trading by EU
New European Union regulations on foreign exchange trading turns out to be harder and more expensive to manage currency risk especially for large financial counter parties such as hedge funds…
Cyber Risk
In today’s technology-dependent world, companies with access to private and confidential information of third parties or those that operate web sites have a responsibility to keep the information and content…
The need for reforms in healthcare finance
The Centre and state governments are experimenting with several new and exciting ideas in healthcare reforms. What is missing, however, is a serious reform agenda for health financing. The last…
LIC asked to review return on Jeevan Akshay
The Insurance Regulatory and Development Authority of India (IRDAI) has asked the Life Insurance Corporation (LIC) to review the return on its flagship Jeevan Akshay pension plan which provides regular…
Standalone Insurance company by Centrum Group in near future
Centrum Group plans to set up a standalone insurance company over a span of next 3 to 5 years through both organic and inorganic routes. Separately, the group has won…
Investigating Fire Insurance Fraud Cases !
“Because I could” carried an image “Oh ! I too, should have” Of late numerous incidents of fraudulent fire claims have been reported and many insurers all over the world…
Diplomatic Crisis leads to closure of UAE Branch of Qatar Insurance
Qatar Insurance Co. informed recently that its Abu Dhabi branch, open since 2002, would be shut due to non renewal of license, which is a sign of region’s diplomatic crisis…
InstaSpect launch by ICICI
A live video inspection feature for motor insurance claims named ‘InstaSpect’ was launched by ICICI Lombard General Insurance. To enable customers to raise an instant claim via the company’s ‘insure’…
Decoding IRDA’s registration of branch offices of foreign reinsurers’ regulations
Insurance in India has been a very old concept, traces of its existence can even be found in the Manusmriti, Dhramashasstra, Chanakya’sArthshastra and their likes. The government of India has…
Time limit for filing Returns under Regulation 21 of IRDAI (Insurance Surveyors and Loss Assessors) Regulations, 2015
Ref. No:IRDA/SUR/CIR/MISC/222/09/2017 Attention is drawn to the provisions of IRDAI (IIISLA) Regulations, 2015 wherein insurers are required to submit the Annual policy and Quarterly/Half-yearly returns. In this regard, insurers are…