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Industry News

IRDAI to expand reinsurance market, overhauls regulations

India’s Insurance regulator, IRDAI has approved a wide-ranging overhaul of reinsurance regulations aimed at promoting a favourable business environment and…

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Asian emerging markets forecasted to drive global economic growth

Emerging Asia is likely to be the engine of growth for the world economy in the coming years. With the…

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Indian Insurance regulator directs Insurers to report cyber threats within stipulated time

IRDAI has advised all insurance companies to promptly inform cyber security related incidents, as it came to know that many…

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Indian Insurance Regulator is reviewing to allow entry of managing general agencies into insurance market

Indian domestic insurance market is set to witness IRDAI’s path breaking regulatory reform with the regulator considering the feasibility of…

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Insurable losses in India from the Cyclone Biparjoy assessed at less than US$ 100 Mn

Cyclone Biparjoy made landfall in Gujarat on 15th June, causing extensive damage to the residential properties in the coastal region….

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Zurich in discussion to acquire up to 51% in an Indian general insurer

Zurich Insurance Group is holding active discussion to buy up to 51% of India’s Kotak General Insurance, a deal that…

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Lead-insurer system rolls out in India

The Insurance regulator of India, IRDAI is in the process of implementing its vision of “Insurance for all by 2047”…

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Independent grievance redress tribunal for health insurance in India is the need of hour

To address the grievances related to health insurance in India and further strengthen the confidence of consumers, participants of a…

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One single insurance policy being planned for life, health, property and casualty in India: IRDAI Regulator

Indian Insurance Regulator is planning to launch a bundled product that will cover life, health, casualty, and property insurance in…

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To expand India’s surety insurance business, IRDAI relaxes norms

The Indian surety insurance market is set to witness a higher growth path as India’s Insurance regulator, IRDAI relaxes norms…

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