by AIP Online Bureau | Aug 23, 2022 | Indian News, Non-Life, Workplace/Employee Benefits
CMDs and general managers of GIPSA member companies in the presence of Saurabh Mishra, joint secretary, DFS, will meet the union officials of the industry in Faridabad on 27th August to discuss the revamping plans of the companies on the basis of the diagnosis of...
by AIP Online Bureau | Aug 18, 2022 | Health, Indian News, Non-Life, Reinsurance
The new structure will follow-Operating Offices/Claims Hubs/Regional and Head Offices and scraped the older four tier structure – Branch/Divisional/Regional/Head Offices. And, over a period of time, the regional offices may also vanish Chennai: The four Central...
by AIP Online Bureau | Jun 18, 2022 | Indian News, Non-Life, Reinsurance
The `Pool’, which only covers the Cargo and not the Hull, was initiated at the instance of ministry of finance, is already in place this week after receiving due approvals from the insurance regulator IRDAI Effectively, any claim within Rs 500 crore per shipment of...
by AIP Online Bureau | Jun 16, 2022 | Indian News, Non-Life, Regulation, Reinsurance
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...
by AIP Online Bureau | Jun 13, 2022 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance
Nitin Gadkari, union minister for Road Transport & Highways Though, the government and the IRDA have allowed the general insurers to launch Surety bonds since April 1, no insurers have been able to do it as there are lot of technical and legal gaps needs to be...
