Among the reforms outlined by GIAJ chairman Shinichiro Funabiki are the implementation of an Agency Business Quality Evaluation System and the formalisation of a Corporate Risk Management Advancement Support...
The revamped panel includes new members composed of executives of industry bodies, economists, policymakers, and financial experts, leaders and personalities from major Indian institutions.
The institute said the fallout could stretch beyond underwriting, with currency swings, weaker risk assets and inflation concerns adding pressure to insurers’ balance sheets.
