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Govt pats IRDAI for unveiling a slew of reforms in insurance industry

Govt pats IRDAI for unveiling a slew of reforms in insurance industry

by AIP Online Bureau | Jul 30, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Non-Life, Pandemic, Regulation, Risk Management

(L to R) Neerja Kapur, CMD, New India Assurance, Debasish Panda, chairman, IRDAI, Vivek Joshi,secretary, Department of Financial Services at NIA’s 105th foundation day celebration in Mumbai on Friday “`The government is very supportive of the amendments...

FSIB to select CMDs of New India and AIC today

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

The GMs, who will be appearing for the interview are- M Rajeswari Singh, Agriculture Insurance Company,BS Rahul,(AIC),N Ramaswamy, presently heading GIC Re’s London branch ,Neerja Kapur, NIA, Girija Subramanian, GIC Re, Rashmi Bajpai, Oriental Insurance Company(OIC),...
Bhaskar gets additional power of NIA CMD

Bhaskar gets additional power of NIA CMD

by AIP Online Bureau | Jul 12, 2022 | Indian News, Non-Life, Policy

Madhulika Bhaskar, general manager, New India Assurance `The Appointments Committee of the Cabinet (ACC) has approved the proposal of the Department of Financial Services for entrusting financial and administrative powers andfunctions of the post of...
Delhi HC further adjourns “Singh Vs Government of India” case  to Sep 8, NIA CMD appointment to get delayed

Delhi HC further adjourns “Singh Vs Government of India” case  to Sep 8, NIA CMD appointment to get delayed

by AIP Online Bureau | Jul 11, 2022 | Indian News, Non-Life

Indicating a possible scenario, industry observers say the government will now go ahead and appoint GMDs of PSU general insurers who can be selected by the FSIB and these GMDs( each company has provisions for two GMDs) can be given temporary charge of CMD of the...

Gujarat: 3 Officials, Surveyor, Private Firm Owner Convicted for Insurance Fraud

by AIP Online Bureau | Apr 30, 2022 | Indian News, Non-Life

As per the case registered by the CBI in January 2003 on a complaint from NIACL’s Mumbai office, the accused, in conspiracy with the private persons and surveyors, had issued open marine policies in the name of a non-existing firm called Falcon Industries,...
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