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INSURANCE INFORMATION BUREAU
IRDAI eyes January 2028 beta launch of Public Insurance Registry: Chairman Ajay SethIRDAI is working on a Public Insurance Registry to enhance insurance data sharing among stakeholders. The beta version is scheduled for Jan...- 200 AI agents, humans on standby: Inside Ignosis AI’s debt-collection operationThe Ahmedabad-based startup says its agents manage collections for four to five lakh borrowers a month and handle 70-80% of cases without h...
- UPI charges from October 15: FAQs on who will pay 0.4% MDR and what consumers, small vendors & large merchants need to knowUPI Payment: UPI transactions of up to Rs 2,000 will continue to be free for users. A new Merchant Discount Rate (MDR) will be introduced f...
- Central database may be used for financial oversight, risk monitoringIndia's government plans to expand Cersai's database for better financial risk monitoring. This initiative aligns with the phased rollout o...
- Credit card lost, and someone used it; who will cover the lost money - you or the bank?What if a transaction takes place after you lose your card, and you don’t block it before that? Who has the liability then - you or the ban...
- True Balance scores 100% of loan applications with AI, looks beyond credit bureaus to curb defaultsTrue Balance now uses AI for loan applications, retaining human review for some cases. This approach helps assess borrowers with limited cr...
- IRDAI pitches public insurance registry to reshape industryIndia's insurance regulator is proposing a Public Insurance Registry for data sharing. This digital infrastructure will connect insurers, i...
- India sends its Fab 4 across the world to woo trade, tech, energy and capitalIndia engages key partners, focusing on border management and energy security. Discussions with China now include investment alongside boun...
- Indians opt for higher life insurance cover as average premium rises 43%Average life insurance premiums rose significantly between FY2021 and FY2025. Policyholders are increasingly choosing higher sum assured am...
- No insurance, no fuel? Supreme Court proposes pilot project, extends tenure of third party insurance cover for new vehiclesThe Supreme Court has proposed new measures to address widespread non-compliance with mandatory motor insurance laws. Automatic e-challans ...
- SC proposes no fuel for uninsured vehicles, seeks tech-driven road safety overhaulThe Supreme Court has directed the Centre to design a pilot project denying fuel to uninsured vehicles. This initiative aims to improve roa...
- Supreme Court orders automatic challans for uninsured vehicles using cameras as over 50% are found uninsuredSupreme Court orders cameras to identify uninsured vehicles and issue automatic e-challans, tightening enforcement of mandatory vehicle ins...
- Irdai told to draw up plan to make 3rd-party cover must for fuel purchaseThe Supreme Court ordered Irdai to pilot compulsory third-party insurance for fuel purchases. New four-wheeled vehicles will require four y...
- Cyberattack on Insurance Information Bureau of India; data at risk"There has been a breach, it is being addressed at the highest level," said one of the people aware of the developments. "Some data has bee...
- Irdai weighs proposal to privatise Insurance Information BureauSet up in 2009 as an advisory body, IIB collects transactional data from insurers for different lines of business, and produces periodical ...
- Fire insurance premium may go up post July 1A new set of burning cost 'referral' rates from the Insurance Information Bureau is going to be applicable from July 1 and that could see p...
- IRDAI forms panel on seamless transfer of automobile dataIRDAI today said it has constituted a four-member committee to work on developing a revenue-sharing model in relation to motor vehicle data...
- Insurance Information Bureau open to new collaborationsIRDA chairman T S Vijayan inaugurated the new premises of Insurance Information Bureau at the Financial District, located in the outskirts ...
- Insurance Information Bureau to maintain health insurance gridIIB, an independent body created by IRDA, would be maintaining a health insurance grid connecting TPAs, insurers and hospitals.
- Only 33% of vehicles were insured in FY10: Insurance Information BureauOnly a third of the vehicles in India were insured in 2009-10, according to an information bureau, set up by the regulator.
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