The Insurance Regulatory and Development Authority of India (IRDAI) comprehensively governs insurance companies in India, regulating every facet, including registration, operation, corporate governance, audit, finances, etc. Insurance companies seeking IRDAI approvals must abide by pre-registration compliances and a standardized procedure…
If you are looking for a business model that is sustainable, growth-oriented, and long-lasting, insurance brokering could be your best bet. As the demand for diverse insurance products continues to rise, insurers are increasingly looking for viable brokering partners to…
Reinsurance is an arrangement wherein an insurer (aka ceding company) opts for insurance from a reinsurance company to minimize potential losses tied to insurance issued by the former. Simply put, reinsurance provides a predetermined threshold of protection to insurance issued…
Insurance brokers have carved a special position in the insurance sector by boosting insurers’ business. In the status quo, they have emerged as reliable partners for streamlining insurers’ operations. However, the way they operate is confined to IRDAI’s insurance broker…
Health insurance is a must-have financial aid in the status quo. It enables individuals to seamlessly address medicare expenses without denting their financial standing. It brings financial well-being and peace of mind to policyholders. However, at times, it becomes overwhelming…
A Third Party Administrator (TPA) has proven as a staple for insurance companies seeking assistance with claim processing, cashless treatment, etc. With IRDAI approval, TPA can work with registered insurance companies via any legal agreement, boosting profitability and clients’ presence.…
In the world of insurance, insurance brokering is among the most viable business opportunities. Since the demand for diverse insurance products keeps rising, the future of insurance brokering seems incredibly promising and robust. Therefore, leaping into this business discipline is…
Compliances play a vital role in fencing the accountability and operation of entities, compelling them to operate as ethically and transparently as possible. All the insurance brokers, regardless of business footprint or type, are bound to abide by IRDAI’s norms,…
Navigating the complexities of insurance regulations can be an overwhelming experience, especially when it comes to IRDAI Corporate Agents Regulations. These norms, formulated by the apex authority viz. The Insurance Regulatory and Development Authority of India (IRDAI), serves as an…
The Role of Third-Party Administrator in Health Insurance has become increasingly important in the post-COVID era, as India has seen a sharp rise in demand for health insurance across all age groups. Today, people are more aware of the need…