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Systemic leakages of Rs 10 000 cr annually in insurance sector eroding trust: Report

by AIP Online Bureau | Nov 21, 2025 | Eco/Invest/Demography, Health, Indian News, Non-Life, Risk Management, Technology

To address this, the report outlined a three-pillar framework of prevention, detection, and deterrence, underpinned by the enablers of standardisation, technology, and data interoperability NEW DELHI: Systemic leakages due to fraud, waste, and abuse (FWA) of...
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...
India’s insurance sector to be fastest growing among G-20, may scale $450 bn of prm in next decade: Swiss Re

India’s insurance sector to be fastest growing among G-20, may scale $450 bn of prm in next decade: Swiss Re

by AIP Online Bureau | Jan 16, 2024 | Eco/Invest/Demography, Health, Indian News, Non-Life, Regulation, Reinsurance, Risk Management

Swiss Re officials(L to R) Mahesh H Puttaiah, Head Group Economics & Sigma Research, Hadi Riachi, Market Head (India),Vineet Kumar, Head Cat Perils (APAC) at a press conference in Mumbai to release reinsurer’s report “India’s Economy &...
Changes in insurance sector will help create value for customers: Parekh

Changes in insurance sector will help create value for customers: Parekh

by AIP Online Bureau | Jul 23, 2023 | Indian News, Life, Pension & Social Security

These regulations will increase the ease of doing business, encourage development of longer-term products, improve persistency, thereby creating value for customers,HDFC Life Chairman Deepak Parekh said Mumbai: The massive changes taking place on the regulatory front...
Bima Sugam to be game changer for insurance sector: IRDAI Chief

Bima Sugam to be game changer for insurance sector: IRDAI Chief

by AIP Online Bureau | Oct 30, 2022 | Health, Indian News, Intermediaries, Life, Non-Life, Regulation, Technology

“So it’s like a shopping mall. So you go and shop there. And as far as the KYC is concerned, the moment you enter the portal, type your Aadhaar number, the data will auto populate. The KYC will be done through your Aadhaar number which will be masked for...
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