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REGULATOR IRDAI
Agentic AI adoption drives stronger governance oversight, risk controlsIndia first: Firms prioritise domestic industry guidelines over global frameworks, remain confident on DPDP- Irdai seeks to ease investment rules in insurance sectorThe Insurance Regulatory and Development Authority of India (Irdai) is proposing significant changes to ownership and capital structure reg...
- The old health insurance model sees hospitalisation as an inconvenience, says Narayana Health's Viren Prasad Shetty; bets on managed care modelIt has been close to two years since Narayana Health’s wholly owned subsidiary, Narayana Health Insurance—which has adopted a ‘managed heal...
- The hidden cost of looking better: What health insurance covers, and what it leaves you to payRising demand for weight-loss drugs, cosmetic procedures and wellness treatments is creating a growing out-of-pocket healthcare expense cat...
- Agentic AI adoption drives stronger governance oversight, risk controlsIndian companies are prioritising local AI rules over international ones. They are focusing on ethics, identity, and privacy as AI adoption...
- 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...
- Insurance CEOs’ pay now linked to claims and customer grievances: What it means for policyholdersInsurance CEOs’ remuneration will now partly depend on how well they treat policyholders, from settling claims to resolving complaints. A t...
- LIC in talks with regulators on long-term instruments to match growing liabilities: CEOLife Insurance Corporation of India is working with regulators like the Reserve Bank and Sebi. This is to increase long-term investment opt...
- CEOs quitting general insurance companies to pursue entrepreneurial venturesTop executives are exiting established general insurance firms to launch new entrepreneurial ventures. This trend is fueled by India's vast...
- 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...
- Insurers racing to ‘AI-proof’ systems as IRDAI flags risksIndian insurers are rethinking how they assess cyber risks. Regulators have asked them to review exposure to artificial intelligence-driven...
- Have unclaimed deposits, insurance, mutual funds? Government launches single portal to trace forgotten assetsThe Ministry of Finance has launched a new portal to help citizens find forgotten money. This initiative, called 'Your Money, Your Right', ...
- 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...
- Irdai links executive pay at insurers to elimination of unfair practicesThe move is part of new KMP performance evaluation rules, under which the regulator has made 50% of key performance indicators (KPIs) manda...
- Claim settlement and grievance redressal related performance will determine the incentives of top executives of insurance companies: IRDAIn a significant policyholder-centric move, IRDAI has linked insurance executive pay to customer-centric metrics like claim settlement and ...
- Health insurance works only when everyone contributesA small group of health insurance customers accounts for most hospitalisation costs. The remaining 95% must pay premiums to keep the system...
- IRDAI may ease norms for insurance cos to invest more in REITs, InvITsInsurers may soon see relaxed investment rules for real estate and infrastructure trusts. The regulator is considering a combined 6% exposu...
- Insurers resist as customer comfort weighs on exec payIndian insurers are opposing new rules for executive pay. The regulator wants to link compensation to customer service, not just profits. I...
- Prudential to seek 12-18 months window to pare 12% stake in ICICI Prudential LifePrudential plans to acquire a controlling stake in Bharti Life Insurance. This move requires Prudential to reduce its holding in ICICI Prud...
- IRDAI may tighten CEO KPIs on claims, expenses and customer serviceThe IRDAI is developing a more detailed framework for performance-linked key performance indicators (KPIs) for insurance company executives...
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