The Insurance Amendment Bill, a significant reform for India's insurance sector, is set to be tabled in Parliament soon.
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Valueattics secures reinsurance licence from IRDAI
The company is the first reinsurer to get registration for reinsurance operations in India’s “revamped regulatory landscape”.
Currently, public sector General Insurance Corporation (GIC Re) is the only reinsurance company operating in India.
Industry experts say that the pressure to make higher payouts will significantly reduce mis-selling as there will be little ...
The Insurance Amendment Bill is a significant reform in India’s insurance sector. To aid this transition, the IRDAI has ...
Debasish Panda, an IAS officer from the 1987 U.P cadre, has held various key positions at both the state and central levels.
IRDA grants registration to Valueattics Reinsurance Ltd, LIC, New India Assurance, and GIC as D-SIIs for FY 2024-25.
This decision marks a major step toward fostering competition and diversification within the reinsurance landscape, a domain ...
The Insurance Regulatory and Development Authority of India (IRDAI) has approved the R2 license for Valueattics Reinsurance, ...
The regulator's concerns stem from the fact that despite the relaxation of commission payout limits in April 2023, the expected reduction in insurance premiums has not materialised, with the policy ...
Under his stewardship, IRDAI introduced the Expenses of Management (EoM) regulations at a time when the industry faced ...
Valueattics Reinsurance Ltd, backed by Kamesh Goyal and Fairfax, becomes the first private reinsurer to gain regulatory ...