Latest Updates Around The World
Anuj Mathur, Managing Director and Chief Executive Officer, Canara HSBC Life Insurance Company Limited, speaks at a press conference. | Photo credit: ANI Private sector insurer Canara HSBC Life Insurance on Wednesday reported a 5.69 per cent year-on-year decline in net profit to ₹27.65 crore for the third quarter of this fiscal, even as net […]
These are some of the changes proposed in the draft Insurance Ombudsman Rules (Amendment) proposed by the Ministry of Finance. Aggrieved policyholder can be fined up to ₹1 lakh for mental harassment and fined up to ₹20 lakh by the insurance company or insurance broker. In addition, the Insurance Ombudsman registers every complaint within one […]
Mumbai: The Securities and Exchange Board of India (Sebi) is considering increasing the institutional participation in the market for raw material derivatives, said the most important Tuhin Kanta Pandey on Wednesday. The regulator will deal with the government to allow banks, insurers and pension funds to trade these markets. It also investigates a proposal to […]
Finance Minister Nirmala Sitharaman The Ministry of Finance has proposed to delete provisions with regard to the condition of Indian residents who have the majority of directors and important management positions in insurance companies with foreign investments. Design for changes in the rules of the Indian insurance companies (foreign investments), 2015, is considered a precursor […]
Irdai has worked on the implementation of the RBC framework to replace the current current margin system with fixed solubility. | Photocredit: Istockphoto The Insurance Regulatory and Development Authority of India (IRDAI) has ordered insurance companies to undertake a quantitative impact study (QIS) to implement risk -based Capital (RBC) Regulatory framework for the Indian insurance […]
Irdai has worked on the implementation of the RBC framework to replace the current current margin system with fixed solubility. | Photocredit: Istockphoto The Insurance Regulatory and Development Authority of India (IRDAI) has ordered insurance companies to undertake a quantitative impact study (QIS) to implement risk -based Capital (RBC) Regulatory framework for the Indian insurance […]
Tesla’s reduced production of its cyber truck has a wrinkle effect on owners, some of whom say that insurance companies are now canceling policies for the vehicle. Once one of the world’s most hyped vehicles, the sales and production numbers for Tesla’s Cybertruck have fallen sharply. In the second quarter of this year, the company […]
