WebTheInsurance Regulatory and DevelopmentAuthority of India (IRDAI) issued theIRDAI(Outsourcingof Activities byIndianInsurers)Regulations,2024(IRDAIRegulations).Theseregulations discussoutsourcingandprovide risk-managementguidelines and requirementsfor the … WebDec 1, 2024 · Under the IRDAI rules and regulations, insurers must carry out all core functions themselves. Only non-core activities can be outsourced to external service providers, under the IRDAI (Outsourcing of Activities by Indian Insurers) Regulations 2024. There are also periodic reporting requirements with the IRDAI for outsourcing agreements.
IRDAI (Outsourcing of Activities by Indian Insurers) Regulations, …
WebMar 9, 2024 · the IRDAI issued the IRDAI (Insurance Web Aggregators) Regulations 2024, the IRDAI (Outsourcing of Activities by Indian Insurers) Regulations 2024, the IRDAI (Appointed Actuary) Regulations 2024 and the IRDAI (Protection of Policyholders' Interests) Regulations 2024, to update the existing regulatory framework. The WebInsurance Regulatory and Development Authority of India(IRDAI) is a statutory body set up for protecting the interests of the policyholders and regulating, promoting and ensuring orderly growth of the insurance industry in India. dating sites ukraine women
Irdai issues new outsourcing guidelines for insurers
WebMay 14, 2024 · The IRDAI has mandated insurance companies to protect and maintain the confidentiality of information they collect. Records must be held and maintained in India and disclosure is permitted only in limited circumstances. The table below captures the relevant data protection regulations applicable to insurance companies: WebDec 14, 2024 · Further, the Indian Insurance Regulatory and Development Authority (“ IRDAI ”) has put in place several guidelines including IRDAI Guidelines on Information and Cyber Security for Insurers,... WebMay 7, 2024 · Irdai said the new regulations called ‘Outsourcing of activities by insurers Regulations of 2024, will come into force from the date of their publication in the Official Gazette and supersede the guidelines issued … bj\u0027s restaurant and brewhouse merrillville