New General Insurer granted license, more in pipeline
For the first time in five years, the insurance regulator approved registration of Kshema General Insurance as part of measures Read more
IRDA in India
Insurers to get flexibility in allocating commissions
IRDAI said that removal of cap on commission of insurance intermediaries like agents and brokers will make insurance policies more Read more
IRDAI endorses panel’s view to cut obligatory cession to zero from 4%
The committee that recommends the percentage of obligatory cession that general insurers have to cede to state-owned General Insurance Corporation Read more
Reinsurers asked to retain 50% of business underwritten in India
IRDAI has, in a revised exposure draft on reinsurance regulations, mandated that Indian reinsurers, including foreign reinsurance branches, have to Read more
‘Composite licence’ leads the Centre’s proposals to amend insurance, IRDAI laws
The Centre has proposed several amendments to the Insurance Act and the Insurance Regulatory and Development Authority Act as part Read more
IRDAI moots long-term Motor 3rd party, fire cover
IRDAI is planning to allow all general insurers to offer long-term motor products covering both mandatory motor third-party and own-damage Read more
IRDAI steps to increase penetration to fasten growth
Recent measures announced by IRDAI)have the potential to fasten the new business growth for companies and deepen insurance penetration in Read more
IRDAI chief meets insurance CEOs to review industry performance
IRDAI chairman Debasish Panda met CEOs of SOME general insurers, including health insurers, in Mumbai last week to review the Read more
IRDAI relaxes PE investment, solvency norms
The board of the Insurance Regulatory and Development Authority of India (IRDAI) approved a host of proposals, involving private equity Read more
Foreign reinsurers can repatriate 20% of assigned capital: IRDAI
Insurance sector regulator Irdai has allowed foreign reinsurance branches, including Lloyd’s India, to repatriate up to 20% of the excess Read more
