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IFRS Ready: IRDAI to meet industry honchoes to finalise norms at 2-day Bima Manthan

IFRS Ready: IRDAI to meet industry honchoes to finalise norms at 2-day Bima Manthan

by AIP Online Bureau | Nov 10, 2024 | Health, Indian News, Life, Non-Life, Regulation, Reinsurance, Risk Management

Debasish Panda, chairman,IRDAI “It is our endeavour to implement Ind AS (including Ind AS 117) for insurers in India from 1st April, 2027 based on our experience and learnings from the proforma submissions and the communication in this regard will be circulated...
Irdai chief pitches for 100 pc FDI in insurance sector

Irdai chief pitches for 100 pc FDI in insurance sector

by AIP Online Bureau | Nov 8, 2024 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life

“And if the FDI route is also opened that will only augment the domestic investment as well, otherwise, domestic investment may get crowded out. … perhaps its time to open up for 100 per cent FDI so more players who want to come and operate on their own terms...
IFRS Ready: IRDAI to meet industry honchoes to finalise norms at 2-day Bima Manthan

Panda seeks more conglomerates to enter insurance; Irdai nudging more cos to list

by AIP Online Bureau | Oct 22, 2024 | Eco/Invest/Demography, Indian News, Life, Non-Life, Reinsurance

Debasish Panda, chairman, IRDAI The regulatory body’s chief said more than consolidation, Irdai is working on growing the number of players in the industry and also held roadshows in Japan, Europe and the US recently where it told global investors about the...
Prasun Sikdar set to become the first CEO of Bima Sugam

Prasun Sikdar set to become the first CEO of Bima Sugam

by AIP Online Bureau | Sep 2, 2024 | Health, Indian News, Intermediaries, Life, Non-Life, Regulation, Technology

Prasun Sikdar,MD & CEO designate, Bima Sugam India Federation Sources point out that a formal decision to appoint Sikdar, who is already a board member of the Bima Sugam India Federation, as the CEO of the company has been taken by the IRDAI in consultation with...
Irdai chief pitches for 100 pc FDI in insurance sector

IRDAI forms task force to address challenges and drive growth in surety bond market

by AIP Online Bureau | Aug 22, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Non-Life, Policy, Regulation, Risk Management

Debasish Panda, chairman, IRDAI “Surety bonds play a crucial role in supporting India’s infrastructure development. By addressing the challenges and fostering collaboration, we can unlock the full potential of this valuable financial instrument. Today’s...
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