The moves come against the backdrop of the pilot-in-command of an...
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Ind AS:11 re/insures switch to new accounting system, says IRDAI
The insurers that have been granted forbearance and are scheduled...
IRDAI slaps Rs1 cr fine on ICICI Lombard for violating outsourcing norms
The IRDAI passed an order against ICICI Lombard General Insurance...
RBI approves Debasish Panda as Bandhan Bank’s part-time chairman
Debasish Panda, part-time chairman, Bandhan Bank The Reserve Bank of India has granted its prior approval for the appointment of Debasish Panda, former chairman of IRDAI as part-time chairman (PTC) of Bandhan Bank, for a period of three years with effect from the date...
Jio Finance and Allianz form 50:50 JV for non-life biz in India
Mukesh D. Ambani, chairman and MD, Reliance Industries and promoter of Jio Finance JFSL and Allianz are also working towards a separate binding agreement for life insurance business in India. Mukesh D. Ambani, chairman of Reliance Industries and promoter of Jio...
Asian regulators stepping up banks’ cybersecurity risks amid Mythos AI Fears
Singapore’s financial regulator is urging banks to plug holes, while South Korea’s government agencies have met to review and discuss how to respond to the risks. In Australia, authorities expect lenders to be vigilant to ensure clients aren’t put at risk by...
India’s GIFT City finance hub grants first family office permit
The step underscores GIFT City’s aim to build a globally competitive and flexible regulatory ecosystem for foreign family offices and private wealth structures, the GIFT City financial regulatory authority said MUMBAI: India's Gujarat International Finance Tec-City...
Top panel headed by Cabinet Secy Somanathan to interview candidates tom to select 2 new IRDAI members
While for the member, Actuary, a lot of professional actuaries including from Life Insurance Corporation have applied, for member, Distribution, three serving CMDs of PSU general insurance companies,along with other professionals, are in the race. New Delhi: A top...
Govt may hike FDI limit in pension sector; Bill likely in Monsoon Session
Amendment to Pension Fund Regulatory and Development Authority (PFRDA) Act, 2013 seeking to raise the FDI limit in the pension sector may come in the Monsoon Session or Winter Session depending on various approvals, sources said. Currently, the FDI in pension fund is...
Prudential plc appoints Amit Dave as CEO of Indian health JV
Ami Dave Naveen Tahilyani, Regional CEO, Prudential, said “ Amit will lead Prudential Health India through its next phase of growth, including securing regulatory approvals and building a differentiated health proposition that is fully aligned with Prudential’s global...
IRDAI retains obligatory at 4% for GIC Re in FY26-27
The government has notified the move, on Friday, saying that the entire Obligatory Cession is to be placed with General Insurance Corporation of India (GIC Re) only, though, there are two other Indian reinsurers- Valueattics Reinsurance Company and Allianz Jio...
U.S. cyber insurance market bounces back,raises underwriting risk:Fitch
While the market remains profitable, deteriorating incurred direct losses and the growing influence of artificial intelligence signal increasing underwriting complexity for property/casualty insurers, says Fitch Ratings. U.S. cyber insurance direct written premiums...
Sebi inks pact with DoT for data sharing to curb fraud in securities market
SEBI said DoT has developed a Digital Intelligence Platform (DIP), which is a secure framework for real-time intelligence sharing and coordination among various stakeholders, to combat cybercrime and financial fraud by enabling proactive action against the misuse of...