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SOLVENCY REQUIREMENTS
Bajaj Finserv Q2 Results: Net profit jumps 23% YoY to Rs 2,758 crore, shares rise 2%Bajaj Finserv Q2 Results: The firm’s revenue from operations, meanwhile, increased around 17% YoY to Rs 43,416 crore during the second quar...
Irdai tightens ESOP norms, share transfer rules for insurersIrdai has implemented stricter rules regarding employee stock option plans for insurance companies to regulate ownership stakes. Senior exe...
State-run general insurers to submit turnaround plansState-run general insurers must submit board-approved plans to the government for reducing unprofitable business segments. The government a...
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...
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...
India may infuse more capital in 3 general insurers before listingThe government may infuse more capital in three loss-making, state-owned general insurers to help them meet regulatory requirements and pre...
- 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.