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Valueattics Reinsurance Becomes India’s First Private Reinsurer

Valueattics Reinsurance Becomes India’s First Private Reinsurer: The Insurance Regulatory and Development Authority of India (IRDAI) granted Valueattics Reinsurance, backed by Prem Watsa and Kamesh Goyal, the first private reinsurance license in India. This development marks a significant step towards fostering competition in the reinsurance sector, ending GIC Re’s monopoly that has existed since 1972. […]

The IRDAI has reaffirmed LIC, New India Assurance, and GIC Re as Domestic Systemically Important Insurers (D-SIIs) for the year 2024-25

The IRDAI has reaffirmed LIC, New India Assurance, and GIC Re as Domestic Systemically Important Insurers (D-SIIs) for the year 2024-25: The Insurance Regulatory and Development Authority of India (IRDAI) has once again designated Life Insurance Corporation of India (LIC), The New India Assurance Company, and General Insurance Corporation of India (GIC Re) as Domestic […]

Empowering Women PRIs Leaders

Empowering Women PRIs Leaders: The Ministry of Panchayati Raj has launched two key initiatives — Sashakt Panchayat-Netri Abhiyan and Model Women-Friendly Gram Panchayats (MWFGP) — to promote gender-sensitive governance and empower Women Elected Representatives (WERs) in Panchayati Raj Institutions (PRIs).Sashakt Panchayat-Netri Abhiyan A nationwide capacity-building initiative for Women Elected Representatives (WERs) of PRIs. Strengthen leadership […]