The Insurance Regulatory and Development Authority of India (“ IRDAI or Authority ”) issued an Order bearing reference number: IRDAI/INT/ORD/MISC/43/02/2024 dated February 22, 2024, in the matter of M/s. Confiance International Reinsurance Brokers L.L.C. (“Confiance”) with
IRDAI vide Circular dated February 20, 2024 issued an Exposure Draft on Guidelines on collateralized re-insurance transactions for placement of reinsurance business with Cross Broder Re-insurers (CBRs) (“Proposed Draft”) with an intent to fosters confidence in
IRDAI has uploaded Segment wise Gross Direct Premium for Non-Life Insurers up to 31 st December 2023. Please find attached file herewith for your reference. Source category: IRDAI Attachments /2024/355_Segment_wise_Gross_Direct_Premium_up_to_December_2023_(Provisional_Unaudited).pdf
IRDAI vide Circular bearing reference no: IRDAI/Life/CIR/Misc/41/2/2024 dated February 16, 2024, issued Modifications to the Master Circular to Unclaimed Amounts of Policyholders dated November 17, 2020 (‘Circular’) advising insurers to enhance their efforts in tracing the
The Insurance Regulatory and Development Authority of India (IRDAI) issued an order on February 16, 2024, regarding the reconstitution of the Expert Committee on the implementation of Ind AS/IFRS in the Insurance Sector. The Authority has
IRDAI vide Circular dated February 14, 2024 issued an Exposure Draft on ‘IRDAI(Protection of Policyholders’ Interests and Allied Matters of Insurers) Regulations, 2024 with an intent to ensure fair treatment of policyholders during insurance policy solicitation
IRDAI vide Circular dated February 13, 2024, issued an Exposure Draft on IRDAI (Bima Sugam – Insurance Electronic Marketplace) Regulations 2024 (‘Exposure Draft’) with the primary objectives of empowering and safeguarding policyholders, increasing insurance penetration in
IRDAI vide Circular dated February 12, 2024 issued an Exposure Draft on ‘Insurance Regulatory and Development Authority of India (Actuarial, Finance and Investment Functions for Insurers) Regulations, 2024’ (Exposure Draft) to ensure the sound and responsive
IRDAI has uploaded the Industry statistics on the First year Premium for Life Insurers for the Financial Year 2024-25 Summary of the details are as under: New Business Statement of Life Insurers for the Period ended
IRDAI vide Circular dated February 06, 2024 issued an Exposure Draft on ‘Insurance Regulatory and Development Authority of India (Rural, Social Sector and Motor Third Party Obligations) Regulations, 2024’ (Exposure Draft) to specify minimum rural and