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Now, insurers must link pay of senior executives with performance

MUMBAI: The insurance regulator has directed insurers to realign how senior executives are evaluated and paid, linking performance more closely to customer outcomes, transparency, and governance, under a revised framework issued through a circular dated May 25.

Raccontata daeconomictimes.indiatimes.comthehindubusinessline.comtimesofindia.indiatimes.com

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3 prospettive sulla stessa storia
AI · summaries
timesofindia.indiatimes.comStai leggendo1 g fa

Now, insurers must link pay of senior executives with performance

MUMBAI: The insurance regulator has directed insurers to realign how senior executives are evaluated and paid, linking performance more closely to customer outcomes, transparency, and governance, under a revised…

originale
economictimes.indiatimes.com13 h fa

Irdai asks insurers to tie senior exec performance to customer service

India's insurance regulator, Irdai, is changing how insurance company executives are evaluated. Performance and pay will now be linked to customer results, not just financial numbers. Insurers must also share more data…

Timeline cronologica

  1. martedì 26 maggio 2026·economictimes.indiatimes.com

    Claim settlement and grievance redressal related performance will determine the incentives of top executives of insurance companies: IRDA -…

    In a significant policyholder-centric move, IRDAI has linked insurance executive pay to customer-centric metrics like claim settlement and grievance redressal. Insurers must now…

  2. martedì 26 maggio 2026·economictimes.indiatimes.com

    Irdai asks insurers to link pay packages of senior executives to customer-centric metrics

Leggi questa versione →
originale
thehindubusinessline.com1 g fa

IRDAI asks insurers to link pay packages of top executives to customer-centric metrics, financial health

IRDAI mandates insurers to tie executive pay to customer satisfaction and financial performance, enhancing governance and transparency.

Leggi questa versione → originale

The Insurance Regulatory and Development Authority of India (Irdai) has made amendments to the IRDAI (Corporate Governance for Insurers) Regulations, 2024.

  • martedì 26 maggio 2026·economictimes.indiatimes.com

    Irdai links executive pay at insurers to elimination of unfair practices

    The move is part of new KMP performance evaluation rules, under which the regulator has made 50% of key performance indicators (KPIs) mandatory and far more prescriptive than…

  • martedì 26 maggio 2026·thehindubusinessline.com

    IRDAI asks insurers to link pay packages of top executives to customer-centric metrics, financial health

    IRDAI mandates insurers to tie executive pay to customer satisfaction and financial performance, enhancing governance and transparency.

  • martedì 26 maggio 2026·timesofindia.indiatimes.com

    Insurers told to link top management's pay with claim response, grievance handling: Irdai

    Insurance regulator Irdai has directed insurers to link the remuneration of managing directors (MDs), chief executive officers (CEOs) and other senior executives to…

  • martedì 26 maggio 2026·thehindubusinessline.com

    IRDAI tightens governance norms, links insurer KMP pay to performance metrics

    IRDAI has tightened insurance governance norms, linking KMP pay to performance metrics and mandating public disclosure of business data across insurers.

  • mercoledì 27 maggio 2026·timesofindia.indiatimes.com

    Now, insurers must link pay of senior executives with performance

    MUMBAI: The insurance regulator has directed insurers to realign how senior executives are evaluated and paid, linking performance more closely to customer outcomes, transparency,…

  • mercoledì 27 maggio 2026·economictimes.indiatimes.com

    Irdai asks insurers to tie senior exec performance to customer service

    India's insurance regulator, Irdai, is changing how insurance company executives are evaluated. Performance and pay will now be linked to customer results, not just financial…