NHAI may put officials on dock for accidents
The National Highways Authority of India (NHAI) has said that it will hold officials liable for any fatal or serious accidents that occur as a result of poor road engineering…
ICICI Lombard’s Q2 PAT jumps 32% to Rs. 591 crore
ICICI Lombard General Insurance posted a profit after tax of Rs. 591 crore for Q2FY23, up 32 per cent YoY and also higher than Rs. 349 crore in the previous…
IRDAI chief meets insurance CEOs to review industry performance
IRDAI chairman Debasish Panda met CEOs of SOME general insurers, including health insurers, in Mumbai last week to review the performance of the industry and seek ideas from the industry…
IRDAI relaxes PE investment, solvency norms
The board of the Insurance Regulatory and Development Authority of India (IRDAI) approved a host of proposals, involving private equity investment, solvency norms, dilution of equity and fund raising, aimed…
Foreign reinsurers can repatriate 20% of assigned capital: IRDAI
Insurance sector regulator Irdai has allowed foreign reinsurance branches, including Lloyd's India, to repatriate up to 20% of the excess assigned capital to attract more players and allow free movement…
IRDAI unveils new draft on expenses
The Insurance Regulatory and Development Authority of India (IRDAI) has announced a revised exposure draft on the expenses of management (EoM) for the non-life insurance companies and proposed the removal…
Go Digit: IRDAI no to Fairfax proposal for CCPS conversion
Upsetting the plan of Fairfax, owned by Indian origin Canadian billionaire Prem Watsa, to increase its stake in Indian insurance joint venture Go Digit General Insurance, insurance regulator IRDAI has…
IRDAI proposes changes to reinsurance rules
The insurance regulator has released an exposure draft seeking amendments to reinsurance regulations. In the draft, the Insurance Regulatory and Development Authority of India (Irdai) has sought to revise the…
IRDAI sets up health insurance consultative committee
India's insurance regulator has set up a 15-member committee for two years, asking it to give suggestions for increasing health insurance coverage in the country. The 15-member committee is headed…
IRDAI panel to advise on universal health plan
The Insurance Regulatory & Development Authority Of India (Irdai) has constituted a high-level committee to draw a road map for universal health insurance coverage. The panel, which includes a representative…