| Govt to assess impact of regulators' actions | 15-NOV-09 |
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| The government is considering to put in place a mechanism for assessing the impact of actions of three regulators -- Sebi for capital markets, PFRDA in pensions and IRDA in insurance -- as part of efforts to deepen the financial market. |
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| ING Life launches new investment solution | 10-NOV-09 |
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| ING Life today launched a unit-linked investment solution, ING Flexi Life Plus, which offers flexibility in premium payments as well as the convenience to change premium amount during the term. |
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| ICICI Prudential Life and IIRM announces the second batch of EPIRM | 06-NOV-09 |
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| ICICI Prudential Life Insurance in partnership with Institute of Insurance and Risk Management (IIRM) announced the graduation of its second batch for the full time Executive Program in Insurance and Risk Management (EPIRM) program, today. EPIRM a joint initiative between ICICI Prudential Life and IIRM, is the first of its kind program in India, to offer professional training in specialised subjects such as underwriting, claims and risk management. Mr. J Hari Narayan, Chairman, Insurance Regulatory Development Authority, was the Chief Guest for the occasion and he felicitated the top rankers of the second batch. |
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| Irda to allow variable annuity items | 06-NOV-09 |
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| In an attempt to increase the flexibility and transparency of annuity products, the Insurance Regulatory and Development Authority, or Irda, is likely to allow variable annuity products, with exposure to equity. |
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| Move to raise limit of in-house surveyors opposed | 05-NOV-09 |
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| The independent surveyors engaged in the settlement of insurance claims have taken exception to the proposed move of the Insurance Regulatory Development Authority of India (IRDA) to raise the survey limit of in-house surveyors from the existing Rs 20,000 to Rs 1 lakh. |
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| Technical Pricing of Insurance | 04-NOV-09 |
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| The general perception about the insurance industry is by and large flawed in that, they sell policies and make substantial profits like any other product off the counter. The reality is far more complex and the pricing of products is no easy task but a long-drawn exercise involving market analysis, past claims history and a collaborative effort amongst underwriters, actuaries and the marketing teams. The post detarrification era has been witness to plunging margins due to the huge discounts offered among competitors. Making profits in commercial as well personal lines insurance has increasingly become a difficult task. |
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| ING writes to Irda on move to split biz | 27-OCT-09 |
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| ING will sell its stake in the life insurance business by 2013 as part of its ongoing Back to Basics programme by moving towards complete separation of its banking and life insurance operations. |
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| Reporting claims | 25-OCT-09 |
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| Claim - the very term sounds ambiguous and to many it gives jitters. The moment talk of 'insurance' crops up, the issue of 'claim' follows. We start questioning - whether I will get my lawful claim or will I be denied it on some pretext or the other. Read on to know how simple or complex the life insurance claim process is. |
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| Irda to put insurance data on website | 13-OCT-09 |
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| The Insurance Regulatory and Development Authority (Irda) has decided to make available samples of transaction level data on motor and health insurance on its website to facilitate research on non-life insurance. |
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| Regulator unveils disclosure norms for insurers going public | 09-OCT-09 |
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| As insurance companies get closer to entering the capital market, the Insurance Regulatory and Development Authority (Irda) has come out with public disclosures guidelines, making it mandatory for these companies to provide data for a minimum four to five years. |
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| Disclosure norms for insurance cos next week: Irda | 30-SEP-09 |
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| With few insurers showing interest in tapping the capital market, insurance regulator Irda today said it would come out with disclosure norms for initial public offerings (IPO) by insurance companies next week. |
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