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The IRDA, vide circular dated February 10, 2011, had issued guidelines on portability of health insurance policies which was to be introduced from 1st July 2011. Subsequently, on 24th June 2011, it was felt necessary to put in place a system to enable collection of data on the history Read more
15 years after its inception, the market for insurance-linked securities (ILS) is poised for continued growth as re/insurers, governments and corporations continue to access capital market solutions to finance growth, manage their capital and transfer risks related to natural catastrophes and other extreme events, according to Swiss Re’s latest publication. Read more
The Insurance Times has launched Revised and Enlarged edition of Guide for Licentiate Examination of Insurance Institute of India. The revised edition of the books has been launched for paper Principles of insurance (01), Practice of general insurance(11), and Regulations on insurance(14).
Read moreTo enable effective monitoring of Policyholder protection Regulations and Grievance Guidelines and Turn around times thereby mandated, as well as to create a central repository of industry-wide insurance grievances’ data, IRDA has implemented the Integrated Grievance Management System (IGMS). Read more
Guide book being launched for General Insurance Underwriting (IC45) and Health insurance (IC27) from The Insurance Times Read more
According to preliminary sigma estimates, total insured losses for the global insurance industry from natural catastrophes and man-made disasters reached an estimated USD 70 billion in the first half of 2011. Read more
The general insurance industry has recorded a 22% growth in topline during the first quarter, registering a total premium of Rs 14,046 crore compared to Rs 11,478 crore in the year-ago period following an increase in motor third-party premium for vehicles. Read more
As per a circular issued by IRDA, The Third Party Administrators (TPAs) in health insurance will now have to are strict their services only to an insurance company. Read more
Swiss Re published a study,Mortality Protection Gap: Asia-Pacific 2011, which finds that the aggregate mortality protection gap across 12 Asian markets expanded significantly from USD 16 trillion in 2000 to USD 41 trillion in 2010, representing an average growth of 10% per year. Read more