IRDA

IRDA (Scheme of Amalgamation and Transfer of General Insurance Business) Regulations, 2011

NOTIFICATION NO. [F. NO.IRDA/REG/1/55/2011], DATED 20-5-2011 In exercise of the powers conferred by clause (zc) of sub-section (2) of section 114A of the Insurance Act, 1938 (4 of 1938) read with sections 6A, 14 and 26 of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999) in consultation with the Insurance Advisory Committee,… Read More

Tags: Insurance Regulatory Development AuthorityIRDA

Integrated Grievance Management System (IGMS) for Insurance Grievances

Secretary, Financial Services Launches Integrated Grievance Management System (IGMS); asks Insurance Companies to Focus on Increasing Insurance Literacy; Emphasizes on Putting Proper Regulatory Mechanism in Place to Protect the Interest of Policy Holders Shri S.K. Sharma, Secretary, Department of Financial Services, Ministry of Finance launched the online grievance portal i.e. Integrated Grievance Management System (IGMS)… Read More

Tag: IRDA

IRDA – Public Disclosure by Insurers

To The CEO™s of all Insurance Companies and Reinsurer Sub:  Public Disclosures by Insurers Attention is invited to IRDA™s Circular no. IRDA/F&I/CIR/F&A/012/01/2010 dated 28th January 2010 and further clarifications issued thereon vide Circular  dated 9th April 2010, wherein the Authority has mandated Public Disclosures by the insurers at periodic intervals. 2.       Effective from the year ending March 2011,… Read More

Tag: IRDA

Compliance with Corporate Governance Guidelines for Insurance Companies

Ref: IRDA/F&A/CIR/CG/081/05/2011 To, CEO of All Life Insurers, Non Life Insurers and Reinsurer Dear Sir, Re: Compliance with Corporate Governance Guidelines (CG Guidelines) Attention is drawn to the Corporate Governance Guidelines issued by the Authority vide Circular no. IRDA/F&A/CIR/025/2009-10 dated 05th August, 2009, and Circular No. IRDA/F&I/CIR/F&A/014/01/2010 dated 29THJanuary, 2010. The following additional stipulations shall form… Read More

Tags: Corporate GovernanceIRDA

IRDA selects Implementation Agency for Business Analytics Project

Ref:IRDA/IT/NTC/TNDR/082/05/2011 Sub: Selection of Implementation Agency (IA) for  Business Analytics Project Based on the detailed scrutiny of the Technical & Commercial Proposals submitted by the Shortlisted IT firms and further evaluation based on Combined Quality Cum Cost Based System (CQCCBS), M/s L & T Infotech has been formally selected as an Implementation Agency for the… Read More

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Guidelines for Insurers to hit capital markets

Insurance sector regulator IRDA on Monday said guidelines to allow life insurance companies to raise funds from the capital market will be out by the end of this month. The Life insurers companies will be completing 10 years (in business) later this year. Discussions for allowing listing of insurance companies on the bourses have been… Read More

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