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IRDAI allows auto-renewal of eligible CBRs by insurers

IRDAI allows auto-renewal of eligible CBRs by insurers

by AIP Online Bureau | Jan 3, 2023 | Indian News, Non-Life, Regulation, Reinsurance

To qualify for auto-renewal of a CBR, the insurer will ensure that credit rating of the CBR should not be less than ‘Standard & Poor’s A- or equivalent. The latest credit rating of the CBR should not be prior to 12 months from the date of application for...

IRDA forms Rakesh Joshi panel to suggest measures to expand health insurance

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

The panel will arrive at ways and means to increase the penetration of health insurance in India including identifying issues and challenges in the entire value chain and making recommendations to overcome them Hyderabad: In a bid to achieve the goal of...
Indian insurance industry can become 6th largest global market soon, says IRDA chief

Indian insurance industry can become 6th largest global market soon, says IRDA chief

by AIP Online Bureau | Oct 10, 2022 | Eco/Invest/Demography, Indian News, Life, Non-Life

Debasish Panda,chairman, IRDAI “There are huge opportunities but we are not able to tap it specifically in the context of agricultural, disaster management and cyber insurance,” said Debasish Panda,chairman, IRDAI Mumbai: Debasish Panda, chairman, IRDAI...
IRDAI selects first ever pvt sector IT professional Arindam Dutta to head IIB

IRDAI selects first ever pvt sector IT professional Arindam Dutta to head IIB

by AIP Online Bureau | Sep 22, 2022 | Indian News, Life, Non-Life, Regulation, Technology

Arindam Dutta, CEO-Designate, Insurance Information Bureau of India   IRDAI chairman Debasish Panda has already made his intention public to broad base the ownership of the IIB and has suggested that instead of the IRDAI, let the insurers through their...
IRDAI allows auto-renewal of eligible CBRs by insurers

IRDA forms Ritesh Kumar panel to study long-term products in Property (Dwelling), Motor and Health Insurance

by AIP Online Bureau | Sep 21, 2022 | Health, Indian News, Non-Life, Reinsurance

The new WG will examine framework surrounding the products in general insurance including Health Insurance segment for other than annual policies and for uniformity in the approach to be followed Some of the other members of WG are-Neeerja Kapur, CMD, New India...
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