IRDAI prescribes specific directions for the preparation of Solvency Statement under the IRDA (Assets, Liabilities, and Solvency Margin of General Insurance Business) Regulations, 2016 from the first quarter of 2019-2020 by Lexplosion | May 23, 2019 | Insurance, InsuranceThe Insurance Regulatory and Development Authority of India (“Authority / IRDAI”) has observed in... Read More
IRDAI amends the IRDAI (Appointed Actuary) Regulation 2017, effective 15th May, 2019 by Lexplosion | May 23, 2019 | Insurance, Insurance, statesThe Insurance Regulatory and Development Authority of India (“IRDAI”) has introduced an amendment... Read More
Implementation of Electronic Transaction Administration and Settlement System for capturing of Co-insurance transactions, reconciliation and settlement of balances between member insurance companies by Lexplosion | May 23, 2019 | Insurance, Insurance, statesThe General Insurance Council (“Council”) has been implementing Electronic Transaction... Read More
IRDAI issues Guidelines to Life Insurers for speedy settlement of life insurance claims of victims of Cyclone Fani by Lexplosion | May 10, 2019 | Insurance, Insurance, statesThe Insurance Regulatory and Development Authority of India “IRDAI” keeping in mind the... Read More
IRDA directs all insurers to ensure clear communication of information to policy holders; mandates setting up of mechanism for transparency in claim settlement procedure by July 1, 2019 by Lexplosion | Apr 30, 2019 | Insurance, Insurance, statesThe Insurance Regulatory and Development Authority of India (“IRDA”) has, in a circular dated... Read More
