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…
IRDAI has extended the deadline for IFRS 17 implementation to FY27, providing insurers with additional time to adapt to this international financial reporting standard. IRDAI has been continuously extending the…
IRDAI to Strengthen Resources with 120 New Assistant Managers Over Three Years Key Points: The Insurance Regulatory and Development Authority of India (IRDAI) will expand its workforce by hiring 120…
National Insurance Company (NIC), currently facing a substantial solvency shortfall of ₹8,000 crore, is making strategic moves to bridge the gap by identifying several high-value assets for sale. With its…
1. Background Insurance sector has embarked upon the journey to achieve the vision of 'Insurance for All' by 2047. Various regulatory reforms have been undertaken in this direction by taking…
The Insurance Regulatory and Development Authority of India (IRDAI) as part of steps towards reinforcing empowerment of policyholders has issued Master Circular on Protection of Policyholders¡¦ Interests under the IRDAI…
Surveyors, Loss assessors and Claim adjusters have distinct functions. Clubbing these three categories of functions into one group serviced by the same person/s will not only be prejudicial but also…
We have pleasure to announce that our journal 'The Insurance Times' is going to complete its 37th Year of purpose in the 37th Year of publication with the December, 2017…
We draw your attention to IRDAI Circular Ref: IRDA/IT/GDL/MISC/082/04/2017 dated 7th April, 2017 setting out guidelines on Information and Cyber Security for Insurers. From the feedback/ updates received from Insurers,…
This has reference to the Authority's letter ref No IRDAI/NL/Anl/Crop Ins./2/2016-17 dt 09.02.2017. Keeping in view the importance of Crop Insurance and related Schemes introduced by the Government, the existing…