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INSURANCE EXPENSE BREACHES
UK imposes new sanctions on Russian shadow fleet after Indian captain arrestAjay Pant, 38, was arrested by the National Crime Agency (NCA) during a joint operation with British armed forces to intercept a Russian sh...
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...
Fidelity Investments data breach settlement with up to $5,000 compensation for affected customers- here's who can file a claimFidelity Investments will compensate customers affected by a 2024 data breach. The financial firm agreed to a multi-million dollar settleme...
Comcast's dirty secret cost them $117 million, you could be owed $10,000; here's how to grab your share by August 14The Comcast $117.5 million settlement has triggered a nationwide rush as millions of Americans now check eligibility for a possible $10,000...
Soaring inflation and plummeting economy test Iran's ability to withstand war and US blockadeIran faces severe economic hardship due to war and US sanctions. Prices for essentials like food and medicine have surged. Job losses and b...
Fresh curbs on insurance commissions likely as expense breaches mount in FY25Insurance regulators are concerned about rising distribution costs inflating premiums. This follows the removal of product-wise commission ...
Insurance premiums rose in 2025, so did costsIndian insurance sector saw steady premium growth in FY25. Life insurers reported improved profits, with total profit after tax rising sign...
Tax department probes over 20 insurers over breach of expense limitsThe Income Tax Department is scrutinising over 20 insurance firms—around 5–6 life insurers and 15 general insurers—for potential breaches o...
Irdai steps up scrutiny of insurers exceeding expenses capIrdai has initiated quarterly monitoring for eight insurers exceeding their 30% expenses of management limits to enforce financial discipli...
Insurers in breach of guidelines on management expenses face curbsThe regulatory crackdown follows a sharp rise in commission expenses after the removal of product-specific commission caps in April 2023. L...
Insurers report rise in commission expensesIn FY24, commission expenses for life insurers increased by 22% and doubled for general insurers after IRDAI removed caps on commission pay...
IRDAI's new rules for commission payouts may lead to better pricingWhile the Payment of Commission Regulations, 2023, removes previous caps on payments, the Expenses of Management (EOM) Regulations, 2023, a...
Do you need to get a personal cyber insurance policy?As cyber crime surges after Covid-induced work from home, it may be time to secure your risks. Find out if you should pick an individual cy...
IRDAI’s new norms on cyber insurance for individuals cover online theft of funds, identity, social mediaThe Insurance Regulatory and Development Authority of India (Irdai) has underlined the need for cyber insurance by citing the increase in d...
Insurers breach expense limit, seek tweak in normsAs of now, the expense caps are described according to product categories and the number of years a company has been in operations.
What to consider while buying a cyber insurance planThere are three important things to consider in any cyber protection insurance plan. Read on to know them before you buy one.
Bajaj Allianz General Insurance launches Cyber Safe Policy for individualsBesides financial loss, the policy also provides coverage for expenses incurred on counselling services treatment, claim for damages agains...
Cyber insurance premiums rocket after high-profile attacksAverage rates for retailers surged 32 percent in the first half of this year, after staying flat in 2014, according to previously unreporte...
- Non-life insurers told to check expense ratio
The insurance regulator has directed a clutch of non-life companies to rein in their expense ratio.
- M&A insurance gets a shot in the arm
The tussle between Jet and Sahara may help international insurance brokers who have been trying to market yet another exotic insurance cove...