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SOLVENCY REQUIREMENTS
RBI Governor Sanjay Malhotra flags rising financial risks, warns against complacency as West Asia conflict adds to inflation pressureSanjay Malhotra highlighted the need for vigilance regarding financial vulnerabilities at the Kautilya Economic Conclave. He emphasized tha...
What will happen to policyholders if a life insurer fails? BJP MP urges PM Modi to create a safety netIn a recent appeal, BJP Rajya Sabha MP Ajeet Madhavrao Gopchade urged Prime Minister Narendra Modi to implement a robust protective system ...
Oriental Insurance bets on health, MSME products to drive growthThe state-owned general insurer holds 35.2 million shares, representing a 1.42% stake, in the country's largest stock exchange that closed ...
Global Market: China state insurers, banks to raise up to $54 billion to bolster capitalChina’s Ministry of Finance will inject up to $10.4 billion into five state-owned insurers as part of a broader plan to strengthen financia...
Global Market: China insurer recapitalisation may ease capital constraints and support stock investmentsChina’s planned $53.6 billion recapitalisation of state-owned insurers and banks could ease solvency pressures and strengthen insurers’ cap...
IndiaFirst plans to raise Rs 250 cr in subordinated debtIndiaFirst Life Insurance plans to raise ₹150-250 crore through subordinated debt. BNP Paribas Cardif will acquire Warburg Pincus' stake in...
From savings plan to retirement plan: Building a corpus that lasts a lifetimeRetirement security relies on habits formed over time. By starting early, investments harness the power of compounding growth, leading to g...
LIC Q1 profit surges 23% on growth in value of new businessLife Insurance Corporation of India reported a twenty-three percent net profit rise. Value of new business jumped sixty-one percent, boosti...
State insurers quote low premiums to win NPCIL nuke insurance coverNuclear Power Corp of India (NPCIL) had budgeted Rs 30.13 crore, including taxes, for insuring Tarapur units 3 and 4 under a one-year prope...
Private insurers seek tweaks in unlisted investment planPrivate insurers want Irdai to change proposed investment norms for unlisted companies. They suggest linking exposure limits to shareholder...
Irdai asks state-run insurers to account for wage costs annuallyIrdai has implemented a new requirement for state insurers to create annual provisions for wage increases, intending to soften the financia...
Solvency buffers at insurers thinning; general insurance sector more of a concernThe Reserve Bank of India's latest report highlights concerns over thinning capital in the insurance sector. While life insurers remain com...
Three state-owned non-life insurers fail to meet solvency requirements: RBI reportThe Reserve Bank of India's latest Financial Stability Report reveals that three state-owned insurance companies are not meeting regulatory...
- IRDA not keen on introducing solvency II norms for companies in India
Solvency II is the new regime for all insurers and reinsurers in the European Union. It will come into effect from December 31, 2012.
- Insurers want to calculate solvency at fair value
National India and Oriental Insurance have asked Irda to let them calculate solvency margin at fair value instead of book value.
- The economic capital approach in life insurance
The existing solvency framework in India is based on the factors related to mathematical reserves and sum at risk, specified for different ...
- Insurers will soon have an easier solvency mandate
India’s life insurers are set to see more financial stability in their business, with insurance regulator IRDA set to link the amount of ca...
- Solvency margins eased: ULIP sales to go up
Solvency margin is the excess of assets over liabilities that an insurer maintains as a prudential measure. Weekly Gainers: BSE (A. B), NSE...
- IRDA eases solvency margins for ULIPS
In a move that will save the life insurance industry several hundred crores in capital requirement, the insurance regulator has eased solve...
- Insurers get a breather as IRDA defers MTM plan
The insurance industry has been saved from losing several hundred crores this fiscal due to surge in interest rates.