DFS firms up Insurance Act amendment proposals
The much anticipated fresh round of insurance reforms may be round the corner with the Department of Financial Services (DFS) Read more
IRDA in India
More insurance players, wider range of products key to achieve insurance for all goal by 2047: IRDA Chairman, Debasish Panda
India needs more number of insurance players, much wider range of products and also more distribution partners to achieve the Read more
Insurance moving towards real time coverage
The Indian insurance industry is undergoing a transition led by the digital revolution and innovations in the payments sector in Read more
Insurance sector needs Rs. 50000crore each year; Insurers need to plough back profit: Panda
India’s insurance industry will need to infuse Rs 50,000 crore of capital every year in order to double penetration in Read more
Insurers get IRDAI nod for FRN auto-renewal of cross-border reinsurers
In order to conduct reinsurance arrangements with Global reinsurers, which do not have an office in India (called “Cross border Read more
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
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
