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IRDAI imposes Rs1cr penalty on Royal Sundaram General for violating Outsourcing norms

IRDAI imposes Rs1cr penalty on Royal Sundaram General for violating Outsourcing norms

by AIP Online Bureau | Jan 24, 2025 | Health, Indian News, Regulation

In an order passed by two members of the IRDAI- Rajay Kumar Sinha,(F&I) and Deepak Sood,(Non-Life), the insurance regulator has said that the payments made by RSGI during 2018-19 and 2019-20 to vendors in excess of Rs1 crore were not reported in the outsourcing...
IRDAI imposes Rs1cr penalty on Royal Sundaram General for violating Outsourcing norms

IRDAI further strengthens regulatory framework, notifies 5 more regulations/amendments

by AIP Online Bureau | Jan 10, 2025 | Health, Indian News, Life, Non-Life, Regulation, Reinsurance, Technology

These changes align with IRDAI’s broader move towards a modern, dynamic and principle-based efficient regulatory framework, said the IRDAI. Hyderabad: As a part of the comprehensive review of regulatory framework to maintain an agile, progressive, and forward-looking...
Beijing to boost driverless vehicle use, regulations to kick in from Apr 1

Beijing to boost driverless vehicle use, regulations to kick in from Apr 1

by AIP Online Bureau | Dec 31, 2024 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management, Technology

Autonomous vehicles that pass road testing and safety assessments will be allowed to apply for road trials.Chinese authorities have been aggressively greenlighting trials for self-driving technology with at least 19 cities conducting robotaxi and robobus tests...
Work on to assess safety of AI; job loss from GenAI not intense in India: IT Secy

Work on to assess safety of AI; job loss from GenAI not intense in India: IT Secy

by AIP Online Bureau | Dec 12, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology

“Safe and trusted AI is when you do the innovation, try and be responsible about it but there would be an assessment. We will try and see that it is safe and trusted in a manner that works for everybody. That is the other space that we are working on right now....

EU seeks to streamline ESG regulations amid growing backlash

by AIP Online Bureau | Dec 1, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Risk Management

Asset managers have cautioned against letting streamlining morph into outright deregulation, which they worry would reduce the corporate transparency on which they rely to make ESG allocations The next European Commission will urgently seek to streamline the bloc’s...
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