Latest Indian Insurance News | 09-Sep-2011
In a bid to enhance scrutiny of financial impact of risk and uncertainty in insurance business, the Insurance Regulatory and Development Authority, or Irda, is working on tightening the criterion for appointment of actuaries or experts who assess and price risks. In a draft of the proposed norms sent to insurance companies, a copy of which is available with ET, the regulator has said that an actuary should be an employee of the company and below 65 years of age. Currently, actuaries, particularly in general insurance firms, work as consultants and are above 65 years.
News Source – ECONOMIC TIMES
With life insurance companies successfully introducing unit-linked health insurance products, their general insurance counterparts too want a piece of the action. As the health ULIPs offered by life insurers are gaining popularity, general insurance companies are keenly watching the space.
News Source – BUSINESS LINE
Religare Finvest, a subsidiary of Religare Group, on Thursday said it is awaiting final approval from the Insurance Regulatory Development Authority (IRDA) to launch products under health insurance portfolio. The company has already obtained the approval for entering into the health insurance business.
News Source – ECONOMIC TIMEShttps://www.investmentkit.com/articles/2011/09/latest-indian-insurance-news-09-sep-2011/https://www.investmentkit.com/articles/wp-content/uploads/2011/09/news.jpeghttps://www.investmentkit.com/articles/wp-content/uploads/2011/09/news.jpegInsuranceactuaries,age,authority,Auto,business,Development,Draft,economic times,financial impact,general insurance companies,group,health,health insurance business,health insurance products,impact,Indian,indian insurance,insurance firms,insurance news,insurance portfolio,insurance regulatory and development authority,insurance regulatory development authority,IRDA,Life,life insurance companies,life insurers,News,regulatory development,Religare,risk,space,ThursdayGENERAL1.IRDA to tighten criteria for appointment of actuaries.In a bid to enhance scrutiny of financial impact of risk and uncertainty in insurance business, the Insurance Regulatory and Development Authority, or Irda, is working on tightening the criterion for appointment of actuaries or experts who assess and price risks. In...Admin[email protected]AdministratorInvestmentKit Articles
Subscribe Updates, Its FREE!