Latest Key Management Personnel News & Updates

IRDAI Tightens Rules on Executive Remuneration in Insurance Sector

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New Delhi, May 26 (IANS) Insurance Regulatory and Development Authority of India (IRDAI) has tightened rules on top executive remuneration, linking their bonuses and incentives to measurable customer outcomes, financial health and transparency disclosures. IRDAI said remuneration of Key Management Personnel (KMPs) including chief executives must be aligned with defined performance parameters such as claims settlement speed, grievance redressal and product performance.Cost efficiency, policy rete…