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IAI to host 3-day 21st Global Conference of Actuaries in Mumbai from Feb 17

“The Global Conference of Actuaries provides a platform where the actuaries and non-actuaries from all across the globe gather and share their views and opinions on matters that impact the financial services Industry, particularly in the area of Insurance,pensions, risk management, data science and analytics. With such an event, we create opportunities for actuaries all over the globe to learn/contribute papers/presentations on the financial aspects that affect the financial industry as a whole. This year is special as we complete 75 years of the Indian Actuarial Profession and celebrate platinum jubilee year,” said Sunil Sharma, President Institute of Actuaries of India.

Prolonged slide in financial health of Indian firms comes to end

Care Ratings Debt Quality Index, which tracks credit metrics of 1,604 rated firms on a scale of 100, inched up 0.04 points to 88.02 in January, after eight straight months of decline. The prolonged downswing in credit ratings, triggered by liquidity stress in the shadow banking sector, had worsened earlier as companies struggled to raise funds and sell assets to pare debt, according to the rating firm

IRDA improves ambit of “pre-existing disease” norms

IRDAI wants expenses incurred towards treatment in any hospital or by any medical practitioner or any other provider are specifically excluded by the insurer and disclosed in its website / notified to the policyholders are not admissible.  

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