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Tap-and-pay takes off; ADIA to trim Lenskart stakeHappy Thursday! Tap-and-pay card usage is on the rise in India despite UPI's dominance. This and more in today’s ETtech Morning Dispatch.- Proposed commission caps may drive consolidation in insurance distribution: Acko CEOAcko founder Varun Dua anticipates regulatory changes to insurance distributor commissions will drive consolidation and professionalization...
- Commission caps to pose existential threat to insurance distributors: Policybazaar’s Yashish DahiyaPolicybazaar faces potential business disruption from IRDAI's proposed commission caps, prompting consideration of an insurance manufacturi...
- Irdai asks insurers to tie senior exec performance to customer serviceIndia's insurance regulator, Irdai, is changing how insurance company executives are evaluated. Performance and pay will now be linked to c...
- Regulators against bankers, insurers trading in commodities: Tuhin Kanta PandeyIndia's banking and insurance regulators are against allowing lenders and insurers to trade in commodity markets due to valid concerns, acc...
- MCX shares drop 3% after Sebi chief's comments on commodity derivatives. What spooked investors?MCX shares fell after SEBI signalled that banks and insurers are unlikely to be allowed into commodity derivatives. SEBI chief Tuhin Kanta ...
- Finance Ministry plans to broaden Actuaries Act scope beyond insurance, pensionsThe finance ministry is set to update the Actuaries Act, 2006. This will expand actuarial science to include data science and risk manageme...
- Bandhan Bank gets RBI approval for new chairmanBandhan Bank has secured prior approval from the Reserve Bank of India for Debasish Panda's appointment as its part-time chairman. Panda's ...
- Lost insurance records? Here’s how IRDAI’s Public Insurance Registry aims to fix the problem for policyholdersIndia's insurance sector is set for a major upgrade. The IRDAI is creating a Public Insurance Registry and Bima Sugam platform. These initi...
- India needs more qualified actuaries, says IRDAI chairmanIndia's insurance sector faces a significant shortage of qualified actuaries. This talent gap is critical as risks from inflation, healthca...
- Ajay Seth appointed as IRDAI chairmanAjay Seth, a 1987-batch IAS officer, has been appointed as the chairman of IRDAI for a three-year term, succeeding Debasish Panda. With ove...
- Govt appoints former Finance Secretary Ajay Seth as IRDAI chairman for 3 yearsThe Indian government has appointed former Finance Secretary Ajay Seth as the chairman of Insurance Regulatory and Development Authority of...
- Insurance regulator IRDAI forms committee to vet licence applicationsThe Insurance Regulatory and Development Authority of India has established a committee. This is to assess license applications from two ge...
- Irdai Chairman pitches for 100% FDI in insurance sectorDebasish Panda, IRDAI Chairman, advocated for 100% foreign direct investment in the insurance sector during the Business Standard's annual ...
- Top Executives from SBI vie for key finance role at IRDAI as govt prepares for interviewsTop executives from the State Bank of India, PC Kandpal and Rajay Kumar Sinha, are frontrunners for the post of Member Finance at the Insur...
- Can life insurers offer health plans? Irdai set to take a callAllowing life insurance companies to offer health plans is one of the big decisions in front of Irdai chairman Debasish Panda, who has vowe...
- Irdai seeks revised business plans from three public insurance companiesIrdai chairman said the government has asked for some information on state-owned general insurance companies from Irdai and the same has be...
- Telangana HC slams IRDAI Chairman for appointing official without jurisdictionIn 2014, IRDAI chairman had relaxed the minimum qualification requirement for an appointment of a candidate to a senior joint director.
- Timeline for LIC to reduce stake in IDBI Bank depends on business model: IRDAIIrdai in June last year permitted LIC to pick up to 51 per cent stake in the debt-ridden IDBI Bank.
- Insurers should use data analytics to design products: TS VijayanInsurance companies should make use of data analytics to design products and pricing, IRDAI Chairman TS Vijayan said today.
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