Insurance Regulatory and Development Authority of India organises Ind AS workshop as insurers move to mandatory reporting from 1 April 2026

The Insurance Regulatory and Development Authority of India said it organised a workshop in Mumbai, with the Institute of Chartered Accountants of India and the Institute of Actuaries of India, to support implementation of Indian Accounting Standards across the insurance sector. The event comes after the recent amendment regulations made preparation and presentation of insurers' financial statements in line with applicable Ind AS mandatory from 1 April 2026, and brought together chief financial officers and appointed actuaries to focus on implementation readiness. The programme was split into separate sessions for life insurers and for general insurers, health insurers and reinsurers. IRDAI officials outlined the regulatory framework and key implementation requirements, while ICAI covered the accounting and auditing implications and IAI addressed actuarial issues including valuation methodologies and the interface between actuarial and finance functions. IRDAI also pointed insurers to the monthly implementation roadmap and the Joint Expert Group on Ind AS, which includes representatives from IRDAI, ICAI, IAI, the National Financial Reporting Authority and the Securities and Exchange Board of India, as a channel for guidance and resolution of implementation issues. ICAI and IAI said they are continuing to develop guidance notes, educational material and training programmes to support the transition.