Pankaj Chaudhary, Minister of State in the Ministry of Finance...
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Indian re/insurers to impement Indian Accounting Standards (Ind AS) from April 1, can avail forbearance for 1-yr:IRDAI
To facilitate smooth transition, for insurers facing challenges in...
Pilots’ association urges DGCA to suspend flights in high-risk conflict zones in West Asia, mandate insurance coverage
In a letter to DGCA, Airline Pilots' Association of India (ALPA...
China plans infusing $29 billion of capital into large insurers
The proceeds will be injected into state-controlled firms including China Life Insurance Group Co., the People’s Insurance Co. Group of China Ltd., and China Taiping Insurance Group Co., the people said.It would be the first time Beijing has used special bonds to...
IRDA imposes Rs 1cr fine on Wealthkart Insurance Broking
The IRDA, on Jan 22, has imposed a fine of Rs 1 crore on Wealthkart Insurance Broking for not seeking its prior approval while effecting substantial changes in shareholding of the company. Broker effected changes in its shareholding on 19th September, 2023. The...
Southeast Asia faces intensifying compound catastrophes and escalating flood impacts
In Southeast Asia, this phenomenon is increasingly evident. Events such as earthquakes occurring on rain‑soaked ground or typhoons following seismic activity can escalate losses, often complicating claims processes and creating friction between insurers and...
IRDAI’s Reinsurance Advisory Committe reconstituted with A.V. Girija Kumar as chairman
The other members of the committee are- T. L. Alamelu,former, member, IRDAI, Praveen Vashishta,former CEO & MD at Howden Insurance Brokers India, Roopam Asthana,former CEO at Liberty General Insurance Hyderabad:The Indian insurance regulator IRDAI has...
Insurance sector remains constrained by a high-cost distribution model inflating protection cost:Economic Survey
Nirmala Sitharaman Union Minister for Finance and Corporate Affairs The insurance sector stands at a pivotal juncture, as it remains constrained by a ‘low-penetration, high-cost’ equilibrium driven by a high-cost distribution model that has inflated the cost of...
RBI proposes rules for banks to implement relief measures during natural disasters, to kick in from April 1
India ranks sixth globally in climate vulnerability, according to the Germanwatch Global Climate Risk Index 2025, which tracked events between 1993 and 2022.During this period, India experienced over 400 extreme weather events, resulting in at least 80,000 deaths and...
IRDAI’s mandatory online Reinsurance Exchange begins on Apr1, to include brokers, offline payment
This innovative system, with a view to transforming India’s reinsurance landscape, brings together all key stakeholders (Cedants(insurers) , Intermediaries and Reinsurers) onto a single, unified platform that transforms how reinsurance transactions totalling Rs 1.14...
Rajasthan govt de-empanelled 8 hospitals, diagnostic centres from RGHS this month
Principal Secretary (Health) Gayatri Rathore said eight hospitals and diagnostic centres were de-empanelled in the past month. She said cases of improper treatment and other irregularities by these hospitals had come to light. “Strict action was taken after...
Centre releases 2nd white paper on strengthening AI governance
The White Paper, released by the Office of the Principal Scientific Adviser to the Government, emphasises the contours of a "techno-legal" AI governance framework that aims to mitigate risks while preserving flexibility and innovation. New Delhi: The Centre on Friday...
CERT-In handled over 29.44 lakh cyber incidents in 2025
The centre tracks networks of internet-connected devices such as computers, mobile phones, IoT devices, and home routers that are infected with malware New Delhi: The Computer Emergency Response Team (CERT-In) at the centre of India's cybersecurity architecture...