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Regulatory breaches emerge as top risk for Asian Boards, Willis & Clyde & Co survey
While the risk of data loss and cyber-attacks remains among the top...
Operating mall without environmental nod extremely serious HC upholds closure order
The petitioner company, Grauer and Weil (India) Limited, considers...
Govt may appoint a private sector honcho as IRDA’s new member, Non-life
The name of Sanjeev Mathur, 1987 batch of Oriental Insurance Company(OIC), who has been working with Cholamandalam General Insurance after quitting state- owned OIC in early 2000 ,is current doing the round for the post of member, Non-Life, IRDAI There are now moves...
Govt to bring legal changes, regulations needed for greater social media accountability: Vaishnaw
IT minister Ashwini Vaishnaw Internet on mobile phones and social media platforms have brought powerful and transformative changes, but it must come with realisation of responsibilities, the minister said emphasising that social media and digital world needs to be...
Big tech’s financial services play poses systemic concerns like overleverage: RBI Governor Das
Shaktikanta Das,Governor,RBI The entry of firms like Google, Amazon, and Facebook (Meta), referred to as big tech companies, also poses question marks around competition and data privacy. Das said deploying harsh recovery methods like calling up at odd hours or using...
Unlocking Surety Bonds: Gadkari asks IRDAI to develop a model product for general insurance industry
Nitin Gadkari, union minister for Road Transport & Highways `After discussing several challenging issues that are making Surety Bond a complete non-starter, minister has suggested to the IRDA that it should develop some model product having all the basic...
Talent Hunt: IRDA offers Rs 1.5 crore of annual package to a new CEO of Insurance Information Bureau
New IRDAI chairman Debasish Panda has already made his intention public to broadbase the ownership of the Insurance Information Bureau of India and has suggested that instead of the IRDAI, let the insurers through their representative body General Insurance Council...
IRDAI’s new norms to prompt insurers to launch innovative policies swiftly: Experts
The relaxed norms for launching insurance products, experts feel, will also make insurers more responsible as they would be held accountable for the products which are offered in the marketplace without prior approval of IRDAI Mumbai; IRDAI's decision to permit 'use...
Govt issues new guidelines to prevent misleading advertisements
Penalties for violating the guidelines are also clearly outlined. CCPA can impose a penalty of up to Rs 10 lakh on manufacturers, advertisers and endorsers for any misleading advertisements. For subsequent contraventions, CCPA may impose a penalty of up to Rs 50 lakh....
Sebi warns investors against unregulated platforms offering algo trading
"Investors are therefore cautioned against dealing with such unregulated platforms and cautioned against sharing any sensitive personal details with such platforms," it added Mumbai: Capital markets regulator Sebi on Friday cautioned investors against dealing with...
Life insurers can launch products without prior nod, says Irdai
The move will enable life insurers to launch most of the products (except individual savings, individual pensions and annuity) in a timely manner according to the dynamic needs of the market The board will have to also constitute a Product Management Committee (PMC),...
IRDA forms panels to implement RBC, IFRS, and Insurtech strategies
In order to take forward the process of setting out reforms for increasing insurance penetration and facilitating sustainable growth of the industry and to explore the emerging trends and opportunities such as technology based core processes, Insutech, Risk...