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IRDAI asks insurers to keep their branches open on Mar 30- 31

IRDAI asks insurers to keep their branches open on Mar 30- 31

by AIP Online Bureau | Mar 28, 2024 | Health, Indian News, Life, Non-Life, Regulation

`Insurers may take note of the above and give adequate publicity to the special arrangement made as above,” said the IRDAI on Thursday Hyderabad: Like its banking counterpart Reserve Bank of India(RBI), insurance regulator IRDAI has also asked insurers to keep...
India’s Disaster Management Authority head appointed  UN Asst Secretary-General

India’s Disaster Management Authority head appointed UN Asst Secretary-General

by AIP Online Bureau | Mar 28, 2024 | Disaster & Management, International News, Policy, Risk Management

Kamal Kishore, UN Assistant Secretary-General with the disaster risk reduction portfolio Kishore brings to the position nearly three decades of experience in disaster risk reduction, climate action and sustainable development at the global, regional, national and...

LIC, GIC Re and New India continue to be Domestic Systemically Important Insurers(D-Slls) in 2023-24:IRDAI

by AIP Online Bureau | Mar 27, 2024 | Indian News, Life, Non-Life, Reinsurance

D-Slls refer to insurers of such size, market importance, and domestic and global inter connectedness, whose distress or failure would cause a significant dislocation in the domestic financial system Hyderabad: Insurance regulator IRDAI, on Wednesday, said Life...
IRDAI asks insurers to keep their branches open on Mar 30- 31

IRDAI seeks detailed clarifications on Hinduja group’s plan to take over Reliance Capital

by AIP Online Bureau | Mar 27, 2024 | Indian News, Life, Non-Life, Regulation

It is also proposed by Hinduja group to raise borrowing  for acquisitions  of shares of Reliance Capital Ltd , which will also violate the existing regulations, said IRDAI Hyderabad: The Indian insurance regulator IRDAI, as part of its due diligence process,...
Insurers could face record losses of up to $4 bln after Baltimore bridge tragedy, AXA is lead reinsurer

Insurers could face record losses of up to $4 bln after Baltimore bridge tragedy, AXA is lead reinsurer

by AIP Online Bureau | Mar 27, 2024 | Breaking News!, International News, Non-Life, Reinsurance, Risk Management

Claims could total up to $4 bln, record for shipping disasterInsurance lines affected include property, marine, liabilityInternational Group of P&I marine insurers have reinsurance cover of $3.1 blnAXA lead reinsurer on first layer of IG reinsurance...
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