September 2023

Mohammad Jainul Bari, a Career civil servant joined Insurance Development and Regulatory Authority (IDRA) as its chairman on 16 June, 2022. Prior to his Joining IDRA, Mr. Bari worked as…

Hareez Sulaiman has been serving Insurance (Takaful) Industry since 2002. His extensive audit experience in international firms, backed by sound knowledge in finance, enabled him to make his career progression…

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…

Introduction Statistics relating to the casualties in traffic-accidents in India paint a grim picture. They result in over 150,000 deaths every year in India. This works out on an average…