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IRDA in India

IRDA in India 

New General Insurer granted license, more in pipeline

January 10, 2023 admin 49 Views 0 Comments general insurer, granted, license, 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

January 10, 2023 admin 44 Views 0 Comments allocating, commissions, Flexibility, INSURERS
IRDAI said that removal of cap on commission of insurance intermediaries like agents and brokers will make insurance policies more Read more
IRDA in India 

IRDAI endorses panel’s view to cut obligatory cession to zero from 4%

January 10, 2023 admin 94 Views 0 Comments cession, endorses, IRDAI, Obligatory, panels
The committee that recommends the percentage of obligatory cession that general insurers have to cede to state-owned General Insurance Corporation Read more
IRDA in India 

Reinsurers asked to retain 50% of business underwritten in India

January 9, 2023 admin 36 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 

‘Composite licence’ leads the Centre’s proposals to amend insurance, IRDAI laws

January 9, 2023 admin 50 Views 0 Comments Composite, Insurance, IRDAI laws, licence, proposals
The Centre has proposed several amendments to the Insurance Act and the Insurance Regulatory and Development Authority Act as part Read more
IRDA in India 

IRDAI moots long-term Motor 3rd party, fire cover

January 7, 2023January 7, 2023 admin 51 Views 0 Comments fire, IRDAI, moots, Motor
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
IRDA in India 

IRDAI steps to increase penetration to fasten growth

January 7, 2023 admin 43 Views 0 Comments growth, increase, IRDAI, penetration
Recent measures announced by IRDAI)have the potential to fasten the new business growth for companies and deepen insurance penetration in Read more
IRDA in India 

IRDAI chief meets insurance CEOs to review industry performance

December 23, 2022 admin 49 Views 0 Comments industry, Insurance, IRDAI, performance
IRDAI chairman Debasish Panda met CEOs of SOME general insurers, including health insurers, in Mumbai last week to review the Read more
IRDA in India 

IRDAI relaxes PE investment, solvency norms

December 23, 2022 admin 54 Views 0 Comments Investment, IRDAI, norms, relaxes, solvency
The board of the Insurance Regulatory and Development Authority of India (IRDAI) approved a host of proposals, involving private equity Read more
IRDA in India 

Foreign reinsurers can repatriate 20% of assigned capital: IRDAI

December 22, 2022 admin 50 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
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