Irdai is planning not to make listing mandatory for insurers for the time being

The Insurance Regulatory and Development Authority of India (Irdai) is planning not to make listing mandatory for insurers for the time being. The insurance regulator is also in the process of coming out with the outsourcing and process regulations soon. Speaking on the sidelines of Insurance Brokers Association of India’s annual summit, TS Vijayan, chairman of Irdai, said, “We had come out with the exposure draft on listing of Indian insurance companies, but it’s still a draft. People are not too happy with mandatory listing, so for time being, it will not be compulsory for insurers to list.”

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