Irdai

A first: Life insurers collected ₹4 trn in new business premium in FY26

Industry sees strongest growth since FY23 as new business premium crosses Rs 4 trillion, driven by GST cut, product launches and recovery after regulatory changes

Irdai seeks detailed data on distributor commission of life insurers

Insurance companies have shared the data on distributor commissions with Irdai as the regulator reviews distribution models amid concerns over high costs but are yet to get a response

Buying insurance online? IRDAI takes big action on hidden tricks: Why it matters

India’s insurance regulator, Insurance Regulatory and Development Authority of India (IRDAI), has directed insurers and aggregators to eliminate “dark patterns” from digital platforms,

Irdai revises cyber security norms, mandates stronger governance

Irdai strengthens cyber security framework with tighter board oversight, quarterly risk reviews and enhanced compliance norms for insurers and intermediaries

Irdai sets up sub-panel to review private health insurance landscape

Panel will assess coverage, claims, product design, and consumer experience, and suggest regulatory and operational steps to boost penetration, trust, and innovation

System readiness gaps: Insurers likely to seek forbearance for 1 year

Most insurers may seek one-year relief from Ind AS transition deadline as system readiness and automation gaps persist despite progress on proforma submissions

Muted Q4 expectations, regulatory changes weigh on insurance majors

Insurance stocks fall up to 4% as weak March quarter outlook, geopolitical tensions and regulatory changes weigh on growth, margins and investor sentiment

LIC, New India Assurance, GIC Re retain systemically important status

Irdai retains LIC, New India Assurance and GIC Re as systemically important insurers for FY26, mandating enhanced supervision, governance norms and risk management oversight

Irdai seeks compliance check, action plan on dark patterns from insurers

Irdai asks insurers to assess compliance with dark pattern norms within 15 days and submit corrective action plans within a month for any non-compliance

Irdai forms joint expert group to guide insurers on Ind AS transition

Irdai forms a joint expert group to guide insurers on Ind AS transition, addressing implementation challenges, audit clarity, and actuarial roles

Irdai notifies Ind AS norms for insurers; allows one-year forbearance

Regulator allows one-year forbearance and extends parallel reporting to two years as insurers transition to Ind AS framework from April 2026

India's sub-sovereign borrowing costs top 8%, highest since July 2022

Indian states raised around 400 billion rupees ($4.22 billion) earlier in the day, of which 180 billion rupees, or 45% of the amount, was raised at cutoff yields ranging between 8.00% and 8.09%

Irdai asks insurance companies to keep branches open on March 31

Regulator directs insurers to maintain normal working hours on financial year-end to avoid inconvenience to policyholders

New insurance rules from April 1: What IRDAI’s big accounting shift means for your policy

India’s insurance regulator is introducing a major accounting reform from April 1. Insurers will adopt the Ind AS 117 framework, a global standard for insurance reporting.

Bima Sugam to roll out standardised life, health, motor insurance this year

Bima Sugam to introduce standardised motor, health and life products this year, while Irdai plans a Public Insurance Repository to enhance data infrastructure and analytics

Irdai clears Allianz Jio Reinsurance, Kiwi General Insurance to begin ops

In a press release following its 134th board meeting, the regulator said it had granted certificates of registration to one reinsurer and one general insurer

Australia's QBE to buy Prism Johnson's 51% stake in Raheja QBE for ₹324 cr

QBE Insurance Group will acquire Prism Johnson's 51 per cent stake in Raheja QBE for Rs 324 crore, making it the first foreign insurer to fully own Indian general insurance company after FDI reforms

Ahead of IFRS transition, insurance industry's demand for actuaries rises

Insurers preparing for IFRS and risk-based capital frameworks are stepping up actuarial hiring, but limited supply, high turnover and rising reporting complexity pose challenges

Irdai proposes April 2026 shift to Ind AS with parallel reporting phase

To smooth the transition, Irdai has proposed parallel reporting under both Ind AS and Indian GAAP during the first year of implementation

India needs more qualified actuaries amid RBC, IFRS transition: Irdai Chair

Irdai Chairman Ajay Seth flags acute actuarial talent shortage, says capacity building critical as India adopts risk-based capital norms and aligns with IFRS standards