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Functions and Responsibilities of Insurance Inclusion and Development Department
To enhance and intensify regulatory cooperation, coordination and information exchange between IRDA and Government, domestic financial regulators and International Insurance regulators/association and also to focus on policy making through research and data driven analysis and improve the participation of IRDA in public policy debate, it has been decided by the Authority to form Sectoral Development Department. The Department will have the following functions.
- Research including collection of information and analysis enabling policymaking.
- Identify issues of dynamic importance to IRDA Insurance Industry on ongoing basis from time to time and coordinate with respective Operational department involved in developing policies and amending the laws appropriately.
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