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IRDAI tightens ownership norms, eases capital infusion
IRDAI has tightened oversight on insurer ownership changes and eased capital raising. Investors now need prior approval for shareholding changes exceeding five percent. The regulator also extended approval requirements to promoter group transfers. Dilution from existing shareholders not participating is now a transfer event. These amendments were announced late Friday by the authority.
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thehindubusinessline.com
IRDAI introduces key supervisory, developmental reforms to drive industry growth
IRDAI implements reforms for industry growth, including perpetual registration for intermediaries and the launch of ProTec General Insurance.
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thehindu.com
IRDAI greenlights reforms, policyholder fund norms, new general insurer
IRDAI approves key insurance reforms, enhancing policyholder protection, operational flexibility, and introducing a new general insurer.
