Insurance regulation

RBI permits Reinsurance brokers to open Foreign Currency accounts

Created: April 16, 2019

RBI has permitted Reinsurance brokers to open non interest bearing foreign currency accounts with banks for undertaking transactions. Earlier, the Insurance Regulatory and Development Authority of India (IRDAI) had issued notification and then RBI issued Foreign Exchange Management (Foreign Currency Accounts ..

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Suresh Mathur head of IRDA panel to study feasibility of paying claims in installments

Created: October 22, 2018

The Insurance Regulatory and Development Authority of India (IRDAI) has formed a panel to examine the feasibility of payment of general and health insurance claims in instalments. It will be headed by Suresh Mathur, ED (Health) in IRDAI. The panel ..

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IRDAI constitutes P J Joseph committee to review third party motor cover costs

Created: July 29, 2018

The Insurance Regulatory and Development Authority of India (IRDAI) has constituted a 16-member committee to examine motor third party insurance pricing aspects and make recommendations on the premium rates for 2019-20. Apart from examining the third party cover pricing aspects, ..

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IRDAI constitutes Suresh Mathur Committee to review regulations governing Insurance Marketing Firms (IMF)

Created: June 19, 2018

The Insurance Regulatory and Development Authority (IRDAI) has set up a 10-member committee to review norms related to Insurance Marketing Firms (IMF) with an aim to increase insurance penetration in the country. The committee, headed by Suresh Mathur (ED-IMF, IRDAI), ..

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Subhash Chandra Khuntia appointed as new Chairman of Insurance Regulatory and Development Authority of India (IRDAI)

Created: May 2, 2018

Subhash Chandra Khuntia, a 1981-batch Indian Administrative Services (IAS) officer, has been appointed as Chairman of Insurance Regulatory and Development Authority of India (IRDAI). The Appointments Committee of the Cabinet (ACC) has approved Khuntia’s appointment for a period of 3 ..

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Ravi Mittal appointed as part-time member of board of Insurance Regulatory and Development Authority of India (IRDA)

Created: July 31, 2017

Ravi Mittal, additional secretary in the Ministry of Finance, has been appointed as the part-time member of the board of Insurance Regulatory and Development Authority of India (IRDA). He succeeded N S Rao at IRDAI, who is a joint secretary ..

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