As India moves toward global accounting alignment and risk-based capital norms, the IRDAI chair has highlighted the critical role of actuaries while warning of a widening talent gap.
With banks accounting for 32.5% of life individual new business premium and meaningful shares in group, general and health lines, the reforms could materially reshape India’s bancassurance distribution...
The proposed legislation targets credit hire and accident management companies, as the Council continues working with the Treasury to keep the final framework streamlined.
