The Insurance Regulatory and Development Authority of India hosted an interactive session at its Hyderabad headquarters with Chief Economic Advisor Dr. V. Anantha Nageswaran on India’s evolving economic landscape and the role of insurance. The discussion covered the changing global economic order, India’s macroeconomic outlook and the insurance sector’s role as a pillar of economic resilience and inclusive development. In that context, Dr. Nageswaran highlighted pressures relevant to insurers, including chronic diseases, population ageing, climate-related risks and the possible adoption of artificial intelligence in underwriting and claims management. He said technological innovation should be accompanied by transparency, accountability and strong consumer protection to maintain public trust. Addressing IRDAI officers, he also set out public administration principles including timely decision-making under uncertainty, institution building, openness to constructive dissent and citizen-centric governance.
Insurance Regulatory and Development Authority of India2026-07-02
Insurance Regulatory and Development Authority of India hosts Chief Economic Advisor address on India’s economic outlook and insurance sector risks
The Insurance Regulatory and Development Authority of India hosted Chief Economic Advisor Dr. V. Anantha Nageswaran for a session on India’s macroeconomic outlook and the insurance sector’s role in resilience and inclusive development. He highlighted chronic disease, ageing, climate risk and artificial intelligence as emerging insurance-sector challenges, and stressed transparency, accountability and consumer protection in technology use.