July 14 2015
The Insurance Regulatory and Development Authority of India (IRDAI), has issued a strict guideline instructing Third Party Administrators (TPAs) to keep out of claims. Several TPA services have been terminated by companies after discovering their fraudulent practices.
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December 24 2015
IRDAI has drifted away from its earlier stand pertaining to regulations regarding reinsurance companies. This change might prompt certain global reinsurance companies to rework their strategy to open branches in India.
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December 14 2015
IRDAI Chairman Mr. T S Vijayan recently launched a portal named 'Registry of Hospitals in Network of Insurers' (ROHINI) to ensure a centralized depository of information pertaining to health insurance.
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April 15 2015
As per a recent Insurance Regulatory and Development Authority of India (IRDAI) directive, there has been a hike in the claim amount required to avail Insurance Surveyor and Assessor Services.
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May 18 2012
International tourist influxes universally raised by 5.7% in the first 2 months of 2012 as compared to the similar period of last year. The demand is strong in advanced as well as emerging economy destinations. This is good news as despite economic constraints in most of the source marketplaces of Europe and entire North America
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July 07 2015
During the monsoon season, insurance claims ratio for passenger cars increases by 15-20%. Reason for this is the damage caused by water logging in certain areas.
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November 13 2015
A joint study conducted by Assocham-CRISIL states that the government should implement an index based on the insurance penetration and regard it as a measure of financial and social progress.
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May 11 2015
Indian insurance companies are expected to invest close to `130.4 billion on IT products and services this year. This amounts to a 10.4% increase in IT expenditure over the previous year.
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November 06 2015
Keeping in mind the needs of the Internet-savvy generation, many insurance companies are collaborating with technology firms to make online transactions hassle-free.
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May 18 2012
Medical research is once more directing to India as an unsafe receptacle of bacterial strains that attack many types of antibiotic treatment. The problem is further exacerbated by cheap, under-regulated antibiotics combined with a stark deficit of hygienic set-up.
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