News From Press Irdai sets up committees through GIC to suggest industry overhaul

Irdai sets up committees through GIC to suggest industry overhaul

Source: BS May 26, 2022

To overhaul the insurance sector, the Insurance Regulatory and Development Authority of India (Irdai) has formed various committees through the General Insurance Council (GIC) to suggest reforms in several areas of general, reinsurance and life insurance such as regulation, product, distribution, among others.

These panels include heads of private and public sector insurance companies, members of Irdai and representatives from the GIC, said an official.

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