For the first time in five years, the insurance regulator approved registration of Kshema General Insurance as part of measures to improve ease of doing business, increase competitiveness, spur investments…
IRDAI said that removal of cap on commission of insurance intermediaries like agents and brokers will make insurance policies more affordable for people. Further, the insurance regulator said that the…
The committee that recommends the percentage of obligatory cession that general insurers have to cede to state-owned General Insurance Corporation (GIC Re) has suggested that the obligatory cession be brought…
IRDAI has, in a revised exposure draft on reinsurance regulations, mandated that Indian reinsurers, including foreign reinsurance branches, have to retain a minimum of 50 per cent of their Indian…
The Centre has proposed several amendments to the Insurance Act and the Insurance Regulatory and Development Authority Act as part of its overall effort to encourage product innovation and diversification…
IRDAI is planning to allow all general insurers to offer long-term motor products covering both mandatory motor third-party and own-damage cover. To allow the policyholders a wider choice, the regulator…
Recent measures announced by IRDAI)have the potential to fasten the new business growth for companies and deepen insurance penetration in India, Washington based international actuarial and consulting Milliman said. India’s…
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…
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…
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…