The Hindu·3 min read·medium
IRDAI asks insurers to submit premium, claims, investment data for ISP
N
N. Ravi Kumar
✦AI Summary
The IRDAI has mandated that all insurers in India submit monthly data on premiums, claims, and investments to support the government's new Index of Service Production (ISP). This initiative aims to better track growth in the services sector, similar to how industrial production is measured.
The Insurance Regulatory and Development Authority of India (IRDAI) has directed all insurers, except reinsurers, to submit information every month on their premium income, investment income and claims paid to the government for the purpose of Index of Service Production (ISP).
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