P. Jaipuria, secretary general, Insurance Institute of India, S.N....
Category:
Regulation
Latest
S&P revises its outlook on GIC Re South Africa to positive from stable
The affirmation of the ratings on GIC Re SA reflects S&P's...
Insurers have to ensure premiums are reasonable and affordable: DFS secretary
M Nagaraju, Secretary, Financial Services Banks need to ensure that...
S Ramann takes over as new chairman of PFRDA
S Ramann, chairman, PFRDA With his vast experience in public finance, technology, and financial regulation, Ramann,an officer of the Indian Audit & Accounts Service (IA&AS) from the 1991 batch, has been appointed as the new chairman of PFRDA for a tenure of...
Air India warned by DGCA for flying Airbus planes with unchecked escape slides
In the report, the Directorate General of Civil Aviation said spot checks in May on three Air India Airbus planes found that they were operated despite mandatory inspections being overdue on the "critical emergency equipment" of escape slides NEW DELHI: India's...
“IndiaFirst Life is progressively becoming a multi-channel distribution player in the industry.”
Varun Gupta, President & Chief Distribution Officer (CDO) – Bancassurance, IndiaFirst Life Though role of Bancassurance has grown significantly in the Indian life insurance industry, IRDAI, Insurers and banks need to continue to work together to enhance customer...
Boeing 787’s emergency-power system likely active before Air India crash, WSJ reports
The preliminary finding raise questions about whether the plane's engines functioned properly during takeoff, the report said. The Dreamliner was fitted with GE Aerospace's GEnx engines. Investigators believe the Air India Boeing Dreamliner had its emergency-power...
China exploring options to open up a wider range of financial areas: Financial regulator
Total assets under foreign banks and insurance institutions in China have exceeded 7 trillion yuan ($974.01 billion), Li, director of the National Financial Regulatory Administration, told the Lujiazui Forum, a high-profile financial gathering China’s financial...
ECB embeds climate risk to its supervisory approach on bank losses
The ECB is moving faster than other central banks in treating the fallout from climate change as a financial risk that has the potential to threaten bank solvency. That’s in contrast to the Federal Reserve, with Chair Jerome Powell recently stating that climate isn’t...
AI plane crash: Insurers in a fix as both policyholders and nominees among dead
There are instances of an entire family perishing or one of the spouses dying in the horrific June 12 crash of the London-bound plane, which claimed the lives of 241 persons on board and 29 on the ground Ahmedabad: Insurance companies are facing challenges in settling...
Govt forms high-level committee to investigate Air India AI-171 crash
It will also review the current safety rules and suggest new ways to prevent such accidents in the future. New Delhi: The Indian government has set up a high-level committee to investigate the tragic crash of Air India Flight AI-171. The group has been asked to submit...
Air India crash: IRDAI asks insurers not to demand FIR and post-mortem reports of victims for quick claims settlement
``Ensure that no claim is denied or delayed on account of procedural formalities in the case of confirmed deceased individuals from the passenger list and persons at the affected buildings of the crash area,'' said the IRDAI Insurers have to submit a report to the...
DGCA orders detailed probe of AI’s Boeing Dreamliners, Black Box of ill fated air craft recovered
The Aircraft Accident Investigation Bureau (AAIB) has confirmed the recovery of the Digital Flight Data Recorder (DFDR), commonly referred to as the black box, from the rooftop of a building at the site of the Air India Flight AI-171 crash in Ahmedabad New Delhi:...