News From Press Irdai weighs proposal to privatise Insurance Information Bureau

Irdai weighs proposal to privatise Insurance Information Bureau

Source: ET Jun 14, 2022

Insurance regulator is examining the recommendations of a committee that has suggested privatisation of the Insurance Information Bureau or IIB. The committee set up by the Insurance Regulatory and Development Authority of India or Irdai has said that IIB should be turned into a private company owned and operated by the insurance industry with legislative backing, said two executives aware of the matter.

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