by AIP Online Bureau | May 19, 2022 | Indian News, Non-Life, Regulation
According to the IRDAI, though, general insurers enter into service agreements with motor workshops/garages for the purpose of providing motor insurance claim services for repair of accident vehicles,it is noticed that the service agreements in addition to claim...
by AIP Online Bureau | May 13, 2022 | Indian News, Non-Life, Regulation, Reinsurance
Further IRDAI has decided that the FRBs and Lloyd’s India need not publish the half yearly and annual Revenue Account, Profit & Loss Account, Balance Sheet and Analytical Ratios etc. in the newspapers Hyderabad: Providing compliance relief, the insurance regulator...
by AIP Online Bureau | Jan 17, 2022 | Indian News, Intermediaries, Non-Life, Regulation, Reinsurance
The approximate size of the Indian reinsurnace market is around Rs 55,000 cror in FY.2020-21. To begin with, obligatory cession for GIC Re was 10 per cent which was reduced to five per cent afterwards and the foreign reinsurers which are having braches in India are...
