Reinsurance regulations to be out by February end: IRDAI

Mumbai: The final reinsurance regulations are due by the end of February, Insurance Regulatory and Development Authority of India (IRDAI) Chairman T S Vijayan today said.    "The reinsurance regulations are coming by February end," Vijayan, who is retiring in the end of February, told reporters...


Jan 1 rate firming remains moderate :Guy Carpenter

New York: According to Guy Carpenter & Company, capital dedicated to reinsurance continued to grow in 2017 despite catastrophe losses.Due to ongoing excess supply and overall market resilience at January 1, rate firming was generally moderate and pricing shifts focused on client-specific justification.   Guy Carpenter’s...


K.G. Krishnamoorthy Rao, MD & CEO, Future Generali India Insurance

``Customers have started buying/renewing policies online''

How do you see the growth and development in Indian general insurance industry? Why do you think penetration level has remained so low? The industry growing in double digit figures since past two years is closely linked to country’s GDP, as both the rise in...


Budget may raise health spending by 11%

New Delhi: India is poised to raise its public health spending by 11 percent in the annual budget next month, after rejecting the health minister's demand for a much bigger increase to ramp up disease control, according to government sources and documents.    Health Minister JP...