News From Press Irdai to hire consultant to implement RBC regime

Irdai to hire consultant to implement RBC regime

Source: The Economic Times Jan 22, 2018

nsurance regulator Irdai will hire consultancy services for implementation of risk based capital (RBC) regime with an aim to enhance protection of policyholders.

The decision to move to the RBC norms from the current solvency principle regime has been taken after recommendations of a panel, which gave its report to the regulator last July, the Irdai had said.

The RBC model is expected to be implemented by March 2021. The current Solvency Regime will continue till ..

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1 Comment

Prashant · 6 years ago `

Wel SEBI should learn fromIRDAI. It clearly says that india specific conditions and issues to be studied before just bringing any regulations especially nonsensical one like RIA.

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