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IRDA forms Rakesh Joshi panel to suggest measures to expand health insurance

by AIP Online Bureau | Oct 26, 2022 | Health, Indian News, Non-Life, Regulation, Technology

The panel will arrive at ways and means to increase the penetration of health insurance in India including identifying issues and challenges in the entire value chain and making recommendations to overcome them Hyderabad: In a bid to achieve the goal of...
IRDAI allows repatriation of 20% excess assigned capital by FRBs and Lloyd’s once in a yr

IRDAI allows repatriation of 20% excess assigned capital by FRBs and Lloyd’s once in a yr

by AIP Online Bureau | Oct 26, 2022 | Indian News, Non-Life, Regulation, Reinsurance

Almost 10 FRBs along with Lloyd’s of London who are now operating in India for last fours years have an average capital of Rs 1000 crore and going by the new regulation after ensuring solvency ratio, the FRBs can return 20 % excess capital to their parent...
Govt nudges LIC to tweak product strategy for better investor return

Govt nudges LIC to tweak product strategy for better investor return

by AIP Online Bureau | Oct 26, 2022 | Indian News, Life, Wealth Management/ Philanthropy

The finance ministry in its performance review has been sensitising the LIC management about the steps that could be taken to better investor wealth and focus on non-participating products or term plans to improve profitability New Delhi: The government is nudging LIC...

Historic net-zero international flight goal agreed at UN conference

by AIP Online Bureau | Oct 26, 2022 | Eco/Invest/Demography, International News

To achieve this aim, several CO2 emissions reductions measures will need to be put in place, such as the accelerated adoption of new and innovative aircraft technologies, streamlined flight operations, and the increased production and deployment of sustainable...

Re/insurers face tough issues over large potential claims From Nord Stream Pipeline Blasts

by AIP Online Bureau | Oct 26, 2022 | International News, Non-Life, Reinsurance

Munich Re and syndicates within the Lloyd’s of London market are among the major underwriters for Nord Stream 1 and it was unclear whether they would renew its cover If the insurance is not renewed, the prospect of the pipeline bringing gas to Europe under the Baltic...
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