2023 – Insurance Times

The world of insurance is a dynamic landscape, constantly evolving to meet new challenges and adapt to changing circumstances. Maritime fraud poses a significant challenge to the insurance industry. It's…

This circular is issued in exercise of powers conferred by Section 14 (2) (e) of the Insurance Regulatory and Development Authority Act,1999. Applicability: This circular shall be applicable to all…

IRDAI would like to bring to general notice that no registration has been granted to “Surety Seven” for undertaking Surety insurance business or solicitation of Surety insurance business. It has…

In a significant move aimed at promoting a favorable business environment and attracting more reinsurers to establish operations in India, the Insurance Regulatory and Development Authority of India (IRDAI) recently…

The Jammu and Kashmir & Ladakh High Court has ruled that an insurance company cannot be, as a matter of rule, asked to indemnify an employer for the interest and…

The Supreme Court held that the insurance company was liable to reimburse the claimant when he had duly placed on record the evidence of him paying the medical bills of…

The insurance industry is a vital component of any economy, providing stability, risk management, and financial security to individuals and businesses alike. In the dynamic South Asian region, there is…

In this edition we are happy to cover Interview of Mr Mohammad Jainul Bari, Chairman, IDRA, Bangladesh and Mr HareezSulaiman, CEO & MD, Amana Takaful, Maldives. We have started a…

16.07.2023 Floods (July 2023) in various States of North India are expected to cause widespread loss to property (homes and businesses) and infrastructure. General Insurers and Standalone Health Insurance Companies…

30.06.2023 Background: The Authority issued the following guidelines on Remuneration of Non-Executive Directors and Managing Director / Chief Executive Officer / Whole-time Directors of Insurers vide Circular Ref: IRDA/F&A/GDULSTD/155/0812016 on…