by AIP Online Bureau | Mar 6, 2023 | Indian News, Non-Life, Regulation, Technology
Debasish Panda, chaIrman, IRDAI Armed wIth specific data from Vahan, a tech platform designed by the Ministry of Road Transport and Highways as a repository a of all the registered vehicles in the country, and Insurance Information Bureau(IIB) , which has data of all...
by AIP Online Bureau | Feb 21, 2023 | Eco/Invest/Demography, Indian News, Life, Non-Life, Reinsurance
Debasish Panda,chairman, IRDAI ”We’re a diverse nation of 1.4 billion people. We can’t have a one-size-fits-all approach, instead we need more unique products that can meet the insurance needs of both the super rich as well as the very poor. And such...
by AIP Online Bureau | Jan 21, 2023 | Indian News, Life, Non-Life
Debasish Panda,chairman, IRDAI “If we have to double the penetration, every year there is a need to infuse an additional Rs 50,000 crore. While half of these funds need to be generated by the insurers internally, the other half has to mobilised from markets and...
by AIP Online Bureau | Nov 15, 2022 | Health, Indian News, Non-Life
Debasish Panda,chairman, IRDAI “This meeting was for general update and to review industry performance in terms of growth, loss ratio, claim settlement ratios, initiatives taken by the IRDAI in the last few months and as an industry what else can be done...
by AIP Online Bureau | Sep 29, 2022 | Indian News, Life, Non-Life, Regulation
Debasish Panda, chairman, IRDAI “Customer experience, cost of distribution and product innovation are the top three areas of disruption for insurance companies. Thereby, the sector transformation has resulted in the introduction of innovative and tech-first products...
