Obligatory Cession for the Financial Year 2025-26
No IRDAI/RI/6/213/2025.— In exercise of the powers conferred by Sub-section (2) and (4) of the Section 101A of the Insurance Act, 1938, the Authority, after consultation with the Advisory Committee,…
Interview with Subrata Mondal, MD & CEO, IFFCO Tokio General Insurance Company
The Indian general insurance industry is witnessing a steady growth, in a range of 10-15%, driven by increasing awareness, regulatory reforms, and rising demand across sectors. About Mr. Subrata Mondal…
From the Editors Desk _ Dr. Rakesh Agarwal
Parametric Insurance – Revolutionizing Risk Coverage in India India’s insurance industry is undergoing a transformation with the rise of parametric insurance, a solution that simplifies risk coverage and offers quick…
Insurance Industry Analysis
Overall Performance 1. Gross Direct Premium (Within India): The gross premium grew by 76%, from Rs.2,56,894 crore in 2022-23 to Rs.2,89,683 crore in 2023-24. Public sector insurers showed modest growth at 88%,…
How Do Insurance Companies Make Money and How Do They Work?
Insurance is a financial safety net that protects individuals and businesses from unforeseen risks and liabilities. While insurance companies offer this valuable service, many people wonder, how do insurance companies…
Subrata Mondal Appointed as MD & CEO of IFFCO Tokio General Insurance Company Limited
In a significant leadership transition, IFFCO Tokio General Insurance Company Limited (IFFCO Tokio), one of India’s premier general insurance providers, has appointed Subrata Mondal as its new Managing Director and…
How does Grievance Redressal work in General Insurance
Introduction: General insurance serves as a safety net against unforeseen events, protecting individuals and businesses from financial losses due to risks such as accidents, natural disasters, and theft. However, disputes…
“GST” IMPACT ON THE INSURANCE INDUSTRY
Mr Jagendra Kumar is currently the Corporate Head (Training) at Shriram General Insurance Company. Mr Kumar is a prolific writer and has wide experience in the general insurance industry. Before…
Editorial Insurance Times August 2017
GIC Re has proposed a dividend of Rs. 1002 crs for 2016- 17, a 17% increase off the previous year. GIC Re global premium grew 82% to 33585 crs. The…
Submission of Actuarial reports for the FY 2016-17 in respect of the registered branch offices of Foreign Reinsurers other than Lloyd’s
The circular is issued in accordance with the powers vested under Section 14(2) (e) and 14(2) (h) of the IRDA Act, 1999. The Authority is in receipt of queries from…