Insurance

The slowing Indian economy will weigh on insurance premium growth over the next two-three years, Moody's Investor Service said on Tuesday but added that supportive measure taken by regulator IRDAI will help counterbalance the deteriorating economic environment.   "India's GDP (gross...
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The Boards of three public sector general insurance companies - National Insurance Company, Oriental Insurance Company and United India Insurance Company - have formally given their nod for their amalgamation, as was announced by the central government earlier.   The Boards of...
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Citing examples of the state of Telecom and Aviation sectors due to below cost tariffs, Insurance regulator Subhash Khuntia on Friday said the health insurance industry should not indulge in predatory pricing which will harm the industry and the policy holders and make businesses unviable. He...
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The Insurance Regulatory and Development Authority of India (IRDAI) while trying to act tough on violations of its guidelines on Motor Insurance Service Provider (MISP) continue to allow insurance brokers with miniscule penalty. In recent order, the IRDAI has levied a penalty of just Rs3...
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The Insurance Regulatory and Development Authority of India (IRDAI) has penalised Unison Insurance Broking Services, and barred from Indian insurance and re-insurance market, Malaysian Confiance International Reinsurance Brokers LLC and Jaipur-based Global Master Consultant (GMC) for their...
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