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IFSCA signs MOU with IRDAI

Published on April 02, 2022
Current Context: International Financial Services Centers Authority(IFSCA) signed an MoU with the Insurance Regulatory and Development Authority of India (IRDAI) in Hyderabad.
IFSCA signs MOU with IRDAI
  • The MOU has been signed to strengthen inter regulatory exchange of information, technical cooperation, supervisory collaboration, and open avenues for developing innovative insurance solutions.
  • About IFSCA –
    • The statutory authority is responsible for the development and regulation of international financial services.
    • Chairman – Injeti Shrinivas
    • HQ – Gandhinagar, Gujarat
  • About IRDAI –
    • The regulatory body under the Government of India is tasked with regulating and licensing the insurance and re-insurance industries in India.
    • HQ – Hyderabad
    • Chairperson - Subhash Chandra Khuntia
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