The insurance business is expected to be more competitive and crowded with many new players entering the industry soon. “There are 20 applications seeking approval for setting up new insurance…
IRDAI has asked insurance companies, including life and non-life, to fix an overall cap on commission payment to agents, brokers and other intermediaries, giving more flexibility to insurers in managing…
IRDAI is now scouting for talent by competing with the corporates in remuneration for top executives. The insurance regulator has notified the posts of Chief Technology Officer, Chief Communication Officer,…
IRDAI has said it will soon come out with its report on covering the 'missing middle' in the country under health insurance. The regulator has asked the industry to be…
In a major boost to innovation in insurance, the insurance regulator will review innovative and experimental product filings every month and approve them without delay. This is part of the…
IRDAI has moved insurers to cut down on their expenses and pass on their savings to customers, which is potentially set to bring down policy costs. This was mentioned in…
India’s health insurance segment contributed 0.34 percentage point out of the overall 1 percentage point of general insurance (including health insurance) penetration in the country during FY22, Lok Sabha was…
India's general insurers are looking to set up a larger marine insurance pool to cover the risks of transporting crude oil, edible oil, project machinery and fertiliser from the war-torn…
The insurance industry has proposed that uninsured vehicles should not be allowed to refuel at oil pumps, looking to raise penetration of automobile insurance, industry executives familiar with the development…
With almost 57 per cent of the vehicles plying on Indian roads uninsured, IRDAI has asked the general insurers to talk to transport authorities of 28 states and eight union…