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IRDAI puts a 15-yr tenure cap for a pvt sector insurer’s CEO & WD, Rs 20 lakh annual pay cap for independent directors

IRDAI puts a 15-yr tenure cap for a pvt sector insurer’s CEO & WD, Rs 20 lakh annual pay cap for independent directors

by AIP Online Bureau | Jun 30, 2023 | Indian News, Life, Non-Life, Regulation

IRDAI has fixed the maximum age limit for non-executive directors including the chairperson of the board at 75 years and after attaining the age of 75 years no person shall continue on the board of the insurer Hyderabad: Insurance regulator IRDAI on Friday said the...
ICICI Lombard General targets reduction of CR by 200 bps to 102.5 % by FY 2025: Dasgupta

ICICI Lombard General targets reduction of CR by 200 bps to 102.5 % by FY 2025: Dasgupta

by AIP Online Bureau | Jun 30, 2023 | Indian News, Non-Life, Technology

Bhargav Dasgupta, MD & CEO, ICICI Lombard General Insurance `As part of a highly competitive market, where change is being driven constantly by digital players like Fintechs and Insurtechs, we believe that continuous reimagination of its technology and business...
Insurtech: Tougher funding environment, but represents a massive $7 trillion opportunity

Insurtech: Tougher funding environment, but represents a massive $7 trillion opportunity

by AIP Online Bureau | Jun 30, 2023 | Articles, Eco/Invest/Demography, Life, Non-Life

Insurance is still a strongly underfunded market, especially in areas such as life insurance. Operational efficiency is now a must for insurtechs and insurers. Insurtech startups are enabling operational efficiency through the whole value chain Insurtech has also...

by AIP Online Bureau | Jun 30, 2023 | Workplace/Employee Benefits

World Bank approves $1.5 bln financing for India’s low-carbon transition

by AIP Online Bureau | Jun 30, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy

At the COP26 summit in Glasgow in 2021, India committed to an ambitious five-part “Panchamrit” pledge, including reaching 500 GW of non-fossil electricity capacity, to generate half of all energy requirements from renewables, to reduce emissions by 1...
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