IRDA in India Insurers get IRDAI nod for FRN auto-renewal of cross-border reinsurers February 16, 2023 admin 286 Views 0 Comments FRN, INSURERS, irda, reinsurers, renewal In order to conduct reinsurance arrangements with Global reinsurers, which do not have an office in India (called “Cross border Read more
IRDA in India Reinsurers asked to retain 50% of business underwritten in India January 9, 2023 admin 287 Views 0 Comments business, india, reinsurers, retain, underwritten IRDAI has, in a revised exposure draft on reinsurance regulations, mandated that Indian reinsurers, including foreign reinsurance branches, have to Read more
IRDA in India Foreign reinsurers can repatriate 20% of assigned capital: IRDAI December 22, 2022 admin 222 Views 0 Comments assigned, foreign, IRDAI, reinsurers, repatriate Insurance sector regulator Irdai has allowed foreign reinsurance branches, including Lloyd’s India, to repatriate up to 20% of the excess Read more
IRDA in India IRDAI questions price hikes by reinsurers January 10, 2022 admin 428 Views 0 Comments IRDAI, questions, reinsurers Concerned over pricing pressures in life and non-life products in the wake of Covid, the Insurance Regulatory and Development Authority Read more
General Insurance News Aviation insurance losses touch an all-time high as claims hit Rs 3,700 crore December 1, 2020March 19, 2021 admin 374 Views 0 Comments air-crash incidents, Aviation Insurance, insurance policies, reinsurers, Risk A series of major and minor air-crash incidents have led to aviation insurance losses touching an all-time high of Read more
General Insurance News Reinsurers to pay out over 90% of crashed Air India claim October 12, 2020April 15, 2021 admin 328 Views 0 Comments AIR INDIA CLAIM, gic re, NEW INDIA ASSURANCE, reinsurers Global reinsurers will have to shell out over 90 per cent of the insured value of the Air India plane Read more
IRDA in India IRDAI asks reinsurers to pass on GST benefit to stakeholders May 9, 2018 admin 721 Views 0 Comments GST benefit, reinsurers, stakeholders IRDAI has asked insurers to pass on the benefit of GST to stakeholders. The GST Council, in January, had exempted Read more
IRDA in India IRDAI gives approval to 23 cross-border reinsurers July 11, 2016 Bimabazaar- Adminstrator 867 Views 0 Comments Asian Reinsurance Corporation, CICA Re, ingosstrakh, Insurance, IRDAI, reinsurers, Trust Re, United Overseas Insurance Company The Insurance Regulatory and Development Authority of India has granted special approval to 23 Cross Border Reinsurers (CBR) for the Read more