by AIP Online Bureau | Mar 10, 2025 | Eco/Invest/Demography, Indian News, Regulation, Risk Management
In a circular on ‘Exposure to Forward Contracts in Government Securities (Bond Forwards)’, Insurance Regulatory and Development Authority of India (Irdai) said that in view of the RBI’s directions and considering insurers requests for introduction of...
by AIP Online Bureau | Mar 10, 2025 | Indian News, Non-Life, Regulation, Reinsurance
Among other issues, the meeting, the last one under chairmanship of Debasish Panda, may consider granting approvals –R2-to the first private sector reinsurance company, Value Attics Reinsurance Limited, set up by Canadian billionaire Prem Watsa’s Fairfax group...
by AIP Online Bureau | Mar 9, 2025 | Indian News, Regulation, Reinsurance
Debasish Panda, chairman, Insurance Regulatory and Development Authority The last date for applying for the top IRDAI job is Apr 6. For the new chairman of IRDAI, names of Giridhar Aramane, former Defense Secretary, Ajay Seth, Secretary, Department of Economic...
by AIP Online Bureau | Feb 28, 2025 | Indian News, Non-Life, Regulation, Reinsurance
The percentage cession of the sum insured on each general insurance policy to be reinsured with the Indian Re-insurer (GIC Re), will be 4% (four percent) during the financial year beginning from 1st April, 2025 to 31st March, 2026, except the terrorism premium and...
by AIP Online Bureau | Feb 21, 2025 | Eco/Invest/Demography, Health, Indian News, Non-Life, Regulation, Risk Management
In India, insurers can vary health insurance premiums by city based on factors ranging from hospitalization costs to demographics.Getting the regulatory nod to include air pollution as a factor would depend on insurers submitting proof to back the assertion that toxic...
