18/03/23, 4:20 PM

A year of reforms for insurance sector under

Irdai's Debasish Panda
Irdai has also now provided more flexibility and autonomy to the boards of insurers in operational
and financial decisions

Subrata Panda  March 16, 2023 Last Updated at 21:15 IST

The

Debasish Panda
insurance sector rode the most turbulent wave of Covid-19 without anyone manning the chairman’s post
at the apex body — Insurance Regulatory Development Authority of India (Irdai) — and came out
relatively unscathed. But the industry badly needed some reforms to propel it towards higher growth and
increased insurance penetration. That is what has happened in the past one year since Debasish Panda
took over the Irdai chairman in March, after nearly 10 months of the position lying vacant. The host of
changes brought about in the past year have been aimed at ...

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