Latest Updates Around The World
Mumbai: A provision in the recently passed Insurance (Amendment) Bill has raised concerns among insurers over its potential impact on board composition as the current wording, the industry believes, could inadvertently disqualify a large number of directors. Particularly at risk are bank-promoted insurance companies that share managerial talent with lenders and other banking subsidiaries.The clause […]
Tapan Singhel, MD and CEO Bajaj General Insurance and Chairman, General Insurance Council. The proposed insurance reforms mark an important step towards building a more resilient and future-proof insurance ecosystem, in line with the vision of Insurance for All by 2047, said Tapan Singhel, MD & CEO Bajaj General Insurance and Chairman, General Insurance Council. […]
The Union Cabinet on Friday approved the Insurance Amendment Bill 2025, paving the way for a major round of reforms. The insurance reforms, including provision of 100 percent foreign direct investment (FDI) and composite licensing framework, will go a long way in scaling Indian insurance to the global level, with positive implications for all stakeholders, […]
