General Insurance News Govt unlikely to infuse capital in PSU general insurers in FY24 October 12, 2023October 12, 2023 admin 149 Views 0 Comments insurance companies, National Insurance Company, PSU general insurers, solvency The PSUGeneral Insurance Companies are unlikely to get capital funding from the government in the current fiscal, a senior official Read more
IRDA in India IRDAI relaxes PE investment, solvency norms December 23, 2022 admin 205 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 Finance Ministry asks CPSEs to ease PSU insurers’ solvency criteria August 29, 2022 admin 285 Views 0 Comments CPSEs, criteria, Finance ministry, PSU insurers, solvency The Finance Ministry has asked Central Public Sector Enterprises (CPSEs) and government departments to relax the requirement of minimum solvency Read more
Private life insurance Life Insurers seek risk-based solvency regime for ULIPs August 17, 2022 admin 306 Views 0 Comments life insurers, risk-based, solvency, ULIPs Some life insurance companies plan to move IRDAI, seeking a risk-based solvency regime for unit-linked insurance plans (ULIPs), where the Read more
IRDA in India IRDAI reduces solvency margin requirement for crop business July 18, 2022 admin 264 Views 0 Comments crop business, IRDAI, requirement, solvency IRDAI has reduced the solvency margin requirement for general insurers doing crop business. The decision can free up a capital Read more
IRDA in India IRDAI reduces solvency margin July 15, 2022 admin 265 Views 0 Comments IRDAI, margin, reduces, solvency IRDAI has reduced the solvency margin requirement for general insurers providing crop insurance, a decision expected to unlock Rs 1,400 Read more
General Insurance News Oriental Insurance’s solvency ratio declines May 12, 2022 admin 361 Views 0 Comments declines, Oriental Insurance's, RATIO, solvency The solvency ratio of Oriental Insurance Company has been pegged at 0.69 for the year ended March 31, 2021 which Read more