The Insurance Regulatory and Development Authority of India (IRDAI) published a press release on its virtual engagement with the US-India Strategic Partnership Forum (USISPF) and US-based stakeholders to deepen international engagement and exchange perspectives on developments shaping India’s insurance sector. The discussion covered emerging opportunities in the Indian insurance market and recent regulatory developments. IRDAI highlighted how the Sabka Bima Sabki Raksha Act 2025 and ongoing reforms, including implementation of Ind-AS, are intended to strengthen industry standards while fostering innovation, transparency and market integrity, alongside exchanges on global trends and evolving regulatory practices. IRDAI Chair Ajay Seth linked sustained engagement with global stakeholders to building a resilient and forward-looking insurance ecosystem, and the authority reiterated its commitment to open and constructive engagement with domestic and international stakeholders to support a stable, transparent and well-regulated insurance sector.
Insurance Regulatory and Development Authority of India 2026-03-10
Insurance Regulatory and Development Authority of India convenes USISPF virtual dialogue on Indian insurance market opportunities and reforms
The Insurance Regulatory and Development Authority of India (IRDAI) engaged with the US-India Strategic Partnership Forum and US stakeholders to discuss developments in India's insurance sector. Key topics included the Sabka Bima Sabki Raksha Act 2025, Ind-AS implementation, and fostering innovation and transparency. IRDAI emphasized ongoing global engagement to build a resilient and well-regulated insurance ecosystem.