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Governance Panel Set Up by IRDAI

Published on March 20, 2020
Current context: The Insurance Regulation and Development Authority (IRDAI) has announced on 19th March 2020 that it has set up a governance panel/committee.
Governance Panel Set Up by IRDAI  

  • The 16-member committee has been set up to find ways to:
    1. Improve corporate governance systems of insurers.
    2. Making key functions such as risk management and internal audits independent of each other.
    3. To review its current guidelines on corporate governance.
  • The committee will be headed by Pravin Kutumbe, member-finance and investment at IRDAI.
  • It will submit its report to IRDAI in 3 months.
  • IRDAI is an autonomous, statutory body tasked with regulating and promoting the insurance and re-insurance industries in India.
  • IRDAI Headquarter: Hyderabad
  • Chairperson: Subhash Chandra Khuntia

Question: 

Q.1 The 16 member governance panel set up by the Insurance Regulation and Development Authority (IRDAI) recently, is headed by?
a. Subhash Chandra Khuntia
b. Pravin Kutumbe
c. Shaktikanta Das
d. Ajay Tyagi
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