IRDAI Provides a Framework of Roles and Responsibilities of the Board and Management of Insurers
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- Last Updated on 26 March, 2024
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Notification No. F. No. IRDAI/Reg/7/201/2024; Dated: 20.03.2024
The IRDAI has notified the IRDAI (Corporate Governance for Insurers) Regulations, 2024. The objective is to provide a framework for insurers to adopt sound and prudent principles and practices of their governance structure as well as to establish a framework for the roles and responsibilities of the Board and the management of insurers. These regulations shall apply to all insurers except foreign companies engaged in re-insurance business through a branch established in India.
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