Government weighs 50-yr bonds to deepen insurance market
The Indian government may consider issuing 50-year on-tap bonds in the next fiscal (FY26), in a bid to encourage insurance companies to subscribe and better manage their business, two people…
MAHAKUMBH AT THE PARLIAMENT!
UNION FINANCE BUDGET 2025 [caption id="attachment_27709" align="alignleft" width="134"] R. Venugopal[/caption] The Honourable Finance Minister created ripples throughout our country by presenting a highly favourable Union Budget for 2025for the vast…
A Comparison of European and Indian Insurance “Risk Function”
[caption id="attachment_27144" align="alignleft" width="92"] Sonjai Kumar[/caption] Background This article was inspired by McKinsey's report, “Elevating the risk function in insurance: Building a strategic advantage,” published in November 2024. The article…
Interview with Mr. Arup Kumar Chatterjee, Unit Head Capital Markets and Insurance Practice team, Finance Sector Office, Sectors Group, Asian Development Bank
" The Asian Development Bank (ADB) strengthens the insurance sector in Asia and the Pacific by partnering with finance ministries, regulators, and stakeholders." About Mr. Arup Kumar Chatterjee Arup Chatterjee,…
Interview with Alok Rungta MD & CEO Future Generali India Life Insurance
"The life insurance landscape in India has been undergoing a dramatic transformation, driven by changing consumer preferences, advancements in technology, and evolving regulatory frameworks" About Alok Rungta A seasoned Chartered…
IT Editorial December 2024
As The Insurance Times proudly enters its 45th year, we reflect on the journey that has made this publication an enduring voice of the Indian insurance industry. Over the decades,…
ERM Implementation Challenges in the Indian Insurance Sector
Introduction There is a dearth of research on enterprise risk management (ERM) in the Indian insurance sector. The research started in 2020 to identify the inherent embedding of ERM within…
Exposure draft – IRDAI (Regulatory Sandbox) Regulations, 2024
1. As part of the comprehensive review of Regulations being undertaken by the IRDAI, to enhance the ease of doing business and also reduce compliance burden for stakeholders while also…
Insurance Regulatory and Development Authority of India (Insurance Fraud Monitoring Framework) Guidelines, 2024
Vide Circular Ref. No. lRDA/SDD/MISC/CIR/009/01/2013 dated 21st January 2013, IRDAI issued the extant Insurance Fraud Monitoring Framework to provide regulatory supervision and guidance on the adequacy of measures taken by…
Prevention of Money-Laundering (Maintenance of Records) Amendment Rules, 2024
1. Attention is drawn to amendments effected to Prevention of Money-Laundering (Maintenance of Records) Rules, 2005 (PML Rules) vide gazette notification no. GSR 419 (E) dated 19th July 2024. 2.Attention…