IRDA to hire 100 niche insurance professionals
The Insurance Regulatory and Development Authority (IRDA) is planning to hire about 100 insurance professionals over the next three months to tackle its growing manpower needs. “The industry has been…
Swiss Re sees continued global economic expansion in 2011, led by emerging markets
Zurich, 7 December 2010 – Swiss Re's economists predict that growth in the insurance and reinsurance industry will continue to accelerate in 2011 but warn that financial turmoil could derail…
Swiss Re: Global insurance industry led by double-digit growth in emerging Asia
Hong Kong, 13 January 2011 – Swiss Re’s economist predicts sustained strong growth in Asia's insurance industry in 2011, with emerging markets continuing to outpace mature markets. Life and non-life…
Apollo Munich Health Insurance wins Celent Model Insurer Asia 2011 Award
Apollo Munich Health Insurance Co. Ltd. (AMHI), was felicitated with the Celent Model Insurer Asia 2011 award in the Policy Administration System (PAS) category. The award recognizes excellence in technology…
Edelweiss Tokio Life Insurance gets initial approval from IRDA
January 11, 2010, Mumbai: Edelweiss Tokio Life Insurance Company Limited, a joint venture between the Edelweiss Capital Limited (Edelweiss), one of India’s leading financial services conglomerates, and Tokio Marine, one…
Policy Guidelines for Sharing of Information
IRDA Circular: The Authority is on periodic basis receiving requests from various Authorities both within India and outside the country for specific information regarding regulated entities in the insurance sector.…
Recognition of Surplus arising In non-participating funds as profit / loss in the Profit & Loss Account
IRDA Circular: Authority has observed that there is no uniform approach followed by the insurers for transfer of the surplus to the Profit & Loss Account. A few of the…
Clarification on Guidelines on Group Insurance Policies
IRDA Circular: Reference is invited to Clause C (4) of IRDA’s Guidelines on Group Insurance Policies issued vide circular 015/IRDA/Life/Circular/GI Guidelines/2005 dated 14th July, 2005 wherein insurers are prohibited to…
General Insurance products Compliance with File & Use terms and conditions
IRDA Circular: Insurers file with Authority new insurance products and modifications to existing insurance products as required by the File & Use circular no:IRDA/Cir/010/2003 dated 27th March 2006 and subsequent…