MUMBAI: The Insurance Regulatory and Development Authority of India has taken the first step towards introduction of risk based capital framework and wants insurers to assess potential impact on the capital needs of insurers if the new rules are implemented.

Aimed at transitioning from the existing solvency-based model to the Risk-Based Capital framework, IRDAI has introduced a 'Technical Guidance' document with the initiation of the First Quantitative Impact Study.

. Read more on economictimes.indiatimes.com

All news from economictimes.indiatimes.com

About this in other media

Punit Goenka moves SAT against Sebi's 14 Aug order barring him from boards of Zee cos livemint.com /1 year ago

Gadar 2 Box Office collection Day 14: Sunny Deol film moves towards ₹430 crore mark livemint.com /1 year ago

PM Modi backs BRICS expansion, calls for consensus based move livemint.com /1 year ago

The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

IRDAI moves towards risk-based capital regime

Related News

WeWork, maneuvering to maintain NYSE listing, moves ahead with 1-for-40 reverse stock split

'Huge mistake': Netizens fume as Elon Musk moves to remove ‘block’ feature on X

Ashok Leyland to issue corporate guarantee cover of ₹870 crore for two UK-based subsidiaries

Lamborghini unveils Lanzador Concept: A striking step towards electrification with over 1,340 bhp power

Tax base and incomes have risen manifold in last nine years: PM Modi

For moderate risk takers: 5 midcap stocks with right levels of ROE with upside potential up to 37 %

Investors are leaving stocks for the allure of risk-free payouts in bonds

Small business owners move Manipur HC for extension of date of ITR filing

Crypto grants foster innovation amid venture capital exodus

IBM blockchain and AI expert says ChatGPT poses several ‘key risks’ for enterprise use

Moody’s keeps India’s ratings but cites debt, political risks

Stocks making the biggest moves midday: Xpeng, Nvidia, Blue Bird, Estee Lauder and more

Gap, Inc. risk/reward 'favorable into 2Q EPS' - Citi

Hawaiian Electric Industries downside risk remains despite Wells Fargo upgrade

India building world's highest road, tunnel, fighter jet base in Eastern Ladakh: BRO chief Lt Gen Rajeev Chaudhry

Tanla Platforms to end partnership with Vodafone Idea in November, says move will have revenue impact of ₹17 crore

Hawaii Fires Turn a Safe Investment Into a Big Risk

Stocks making the biggest moves premarket: Estee Lauder, Bloomin' Brands, Palo Alto Networks and more

Futures slip after bond yields surge, Bitcoin tumbles - what's moving markets

‘Health is normal’: Chandrayaan-3 lander Vikram deboosted successfully, moving further closer to Moon. Top Points