[ad_1] Since the appointment of Debasish Panda as the IRDAI Chairman in March 2022, many structural reforms have been introduced for India’s insurance sector. Some of the biggest reforms under Debasish Panda as IRDAI Chairman include the shift to principal-based regulations from rule-based, move towards ‘use and file’ regime from ‘file and use’, the Expenses […]
Opportune time to increase insurance FDI to 100%: IRDAI Chairman – CNBC TV18
[ad_1] In 2021, the move to increase the Foreign Direct Investment (FDI) limit in the insurance sector to 74% from 49% did not garner very strong interest. Except for Zurich Insurance’s decision to acquire a 74% stake in Kotak General Insurance, no other foreign player responded positively despite the 74% FDI limit coming with greater […]
IRDAI and GIC conclave: Task force formed to strengthen surety bond insurance – CNBC TV18
[ad_1] The Insurance Regulatory and Development Authority of India (IRDAI) and the General Insurance Council (GIC) convened a Surety Conclave on Friday (August 23). The regulatory bodies addressed the progress and challenges of the surety bond market in India. The event was led by IRDAI Chairman Debasish Panda and Tapan Singhel, Chairman, the GIC and […]