by AIP Online Bureau | Aug 8, 2022 | Indian News, Non-Life
General insurers posted a 20.82 percent growth in premium collection at Rs. 77,884 crore during the four-month period-till July- as against a 23 percent growth at Rs. 54,492 crore in the three-month period ended June 2022. After de growing in June, state owned...
by AIP Online Bureau | Aug 3, 2022 | Eco/Invest/Demography, Health, Indian News, Life, Regulation
The total quantum of the instruments under other forms of capital taken together has to be lower of the following, at any point in time: 50 percent of the total paid up equity share capital and securities premium of an insurer and 50 percent of the net worth of the...
by AIP Online Bureau | May 30, 2022 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Reinsurance
`Debasish Panda, chiarman, IRDAI The industry has now 56 primary players and 12 foreign reinsurers “We would like to have many more players including micro insurers, insurtechs, niche and differentiated players who can operate with a much smaller capital and...
by AIP Online Bureau | May 16, 2022 | Indian News, Non-Life, Regulation, Reinsurance
With the new IRDAI chairman Debasish Panda having already announced that the GI Council will be converted into an out out a professional body to deal with data and new innvative ideas, it is expected that the new secretary general will play a key role in the changing...
by AIP Online Bureau | May 12, 2022 | Indian News, Regulation
After a long time, IRDA will have three executive directors as Suresh Mathur, who has gone to Hyderabad based Institute of Insurance and Risk Mangement (IIRM) as a director, is already an excecutive director of IRDAI Hyderabad: After a long hiatus, the insurance...
