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IRDAI bans any competition against Bima Sugam-Insurance Electronic Marketplace

IRDAI bans any competition against Bima Sugam-Insurance Electronic Marketplace

by AIP Online Bureau | Apr 2, 2024 | Health, Indian News, Intermediaries, Life, Non-Life, Regulation, Risk Management, Technology

“No other person can commence or operate with same or similar objectives of the Marketplace and functions of the company,’’ the IRDA’s new regulations have clarified The new regulations have provision for penalty for certain violations/breaches by the...
Regulatory Revamp: IRDAI approves Bima Sugam, unveils 8 new principle-based consolidated regulations

Regulatory Revamp: IRDAI approves Bima Sugam, unveils 8 new principle-based consolidated regulations

by AIP Online Bureau | Mar 22, 2024 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Regulation, Reinsurance

Debasish Panda, chairman, IRDAI These new regulations encompass pivotal domains such as safeguarding of policyholders’ interests, rural and social sector responsibilities, electronic insurance marketplace(Bima Sugam), insurance products and operation of foreign...
Govt-appointed panel moots ex-ante competition regulations for big tech

Govt-appointed panel moots ex-ante competition regulations for big tech

by AIP Online Bureau | Mar 13, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology

The recommendations of the Committee on Digital Competition Law comes at a time when there are concerns about anti-competitive practices in the digital space and could have significant impact on big tech players. This will have a major impact on the big tech...
IRDAI bans any competition against Bima Sugam-Insurance Electronic Marketplace

IRDAI considers mandating Cross Boarder Reinsurers to furnish large collaterals for accessing Indian business

by AIP Online Bureau | Feb 20, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Regulation, Reinsurance

`The CBRs have been getting significant amount of premiums from India and their share in the Indian reinsurance market is increasing. It is now felt necessary to ring-fence the interests of Indian insurers to maintain their ability to meet obligations towards...

Government establishes committee to develop regulations on the problem of unwanted phone calls

by AIP Online Bureau | Feb 16, 2024 | Indian News, Intermediaries, Policy, Regulation, Technology

The sole objective of Trai DLT(Distributed Ledger Technology) regulations is to bring transparency to the system, counter the menace of SMS spam and protect consumers from fraudulent practices New Delhi: The government on Thursday said it has formed a committee to...
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