The central government has notified 100% Foreign Direct Investment (FDI) in insurance companies under the automatic route, allowing foreign...

The finance ministry is set to update the Actuaries Act, 2006. This will expand actuarial science to include data science and risk manageme...

India's ₹50,000-crore reinsurance sector is set for disruption with the entry of two new domestic players—Jio-Allianz, a joint venture betw...

IRDAI has simplified the format of the reinsurance program and brought in tandem the regulations for Indian insurers, Indian reinsurers, Fo...

According to an executive aware of the developments, a new company will be set up towards this end, where general insurance companies throu...

The insurance cover of more than ₹43,200 crore is sought for the under-construction units 3 and 4 of the Kudankulam Nuclear Power Plant. Th...

The Rs1.5-lakh-crore general insurance market has become attractive for foreign reinsurers.

The insurers fear that the new regulation – which gives foreign reinsurers the first right of refusal in obtaining business in India — woul...

Presently, state owned GIC Re is the only reinsurer operational in the country and foreign reinsurers have liaison office in India.

Berkshire had closed its online distribution two years after it began operations in 2013, as the online model failed to take off in a big w...

"GIC Re being an Indian reinsurer should enjoy preference in the order of cessions by Indian insurers," IRDA said in the exposure draft.

Insurance regulator IRDAI today proposed that foreign reinsurers take back earned profit to their country.

Swiss Re is planning to set up shop in India after the country permitted foreign companies that cover the risk of insurers to open branches...

Berkshire Hathaway has shed its India aversion & for the first time took up the role of a dominant reinsurer for 3 insurers.

Health insurance premiums could soar if the forthcoming Budget does not clarify on the issue of tax deduction at source for non-life insura...

The insurance amendment bill has been reworked considerably with changes in listing norms and relaxation in prescribed norms for reinsuranc...

The government may allow foreign reinsurance companies to set up branch offices in the country with certain regulatory restrictions, accord...