Reinsurance companies have approached the IRDAI for a separate set of accounting and reporting norms for the Reinsurers. At present, re-insurers in the country, use the same reporting norms prescribed…
IRDAI has advised insurance companies to think about mitigating their risks by not concentrating their investment in a few entities. The regulator also said insurers need to diversify their investment…
Mrs. Alamelu T. Lakshmanachari, the Chairman-cum-Managing Director of Agriculture Insurance has been appointed as whole Time Member (Non-Life) by The Appointment Committee of Cabinet (ACC) for a period of 03…
IRDAI has put out a warning to Insurers, asking them to be vigilant against Insurance brokers offering fraud reinsurance cover from overseas. The warning has become necessary as brokers are…
Foreign reinsurance companies have generated Rs 6,216 crore premium in 2017-18. During the year 2017-18, foreign reinsurance branches infused assigned capital of Rs 1,452.54 crore, IRDAI said. Swiss Re has…
Insurance regulator IRDAI has asked all non-life insurers (general and health) to offer a “Standard Health Insurance Product” as it is essential for customers to have access to a basic…
IRDAI has granted permission to insurance companies and intermediaries to test their products under the regulatory sandbox approach for a period of six months (which can be extended upto 12…
Hon'ble supreme court of lndia in writ Petition (civil) No. 49412012 vide judgement dated 26th September, 2018 held the amendment to Rule 9 (making Aadhaar and PAN/form 60 mandatory for…
It has come to the notice of the Authority that Insurers are paying remuneration to Insurance Intermediaries for new and renewal insurance business received by them directly. Therefore, in exercise…
01. The Authority has notified the IRDAI (Re-insurance) Regulations, 2018 which stands effective from 1st January, 2019. These regulations are applicable to all Life insurers,General Insurers, Health Insurers, Indian Reinsurers,…