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Panda meets general re/insurers, takes stock of  industry functioning

Panda meets general re/insurers, takes stock of industry functioning

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...

Govt clears 10 GMDs for 4 PSU general insurers

by AIP Online Bureau | Oct 30, 2022 | Briefs, Non-Life, Policy

After a gap of almost one year, the government on Saturday has cleared the appointments of 10 general manager and directors(GMDs) in the four PSU general insurance companies. Earlier, the government head hunting agency FSIB had selected lnderjeet Singh, Madhulika...

PSU General insurers to clear five-yr wage arrears without govt extra support on Nov 10

by AIP Online Bureau | Oct 26, 2022 | Indian News, Non-Life

“Yes, we have now got instruction from the government to clear the arrears of our employees at one shot on 10th November with or without any financial supports from it. If the government is not giving any additional funds, we will have our own internal source of...

Wage Revision: FM withholds approvals on “performance linked wages” for PSU Gen insurers, GIPSA to meet unions tom

by AIP Online Bureau | Oct 6, 2022 | Indian News, Non-Life, Workplace/Employee Benefits

“The ministry of finance wants the unions to agree for the performance based wage revision in future before effecting the new revision of 12 per cent hike with five years of arrears for the workforce of the general insurance industry,” said sources in the...

FSIB selects 10 GMDs for PSU general insurers and GIC Re

by AIP Online Bureau | Sep 19, 2022 | Indian News, Non-Life, Reinsurance

After interviewing 20 candidates, FSIB has chosen Arvind Logani and YK Shimray(for New India Assurance), Inderjeet Singh and Madhulika Bhaskar(GIC Re), Rajeshawri Singh and Navneet Doda( for United India Insurance) and PR Chittaranjan and Geeta Santaseelan(for...
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