Gurpurab Offer - Use Code GURPURAB2023

Register Now

IRDAI to set up task forces on issues of reinsurance support

Published on July 12, 2022
Current Context: IRDAI (Insurance Regulatory and Development Authority of India) sets up two task forces to suggest steps to sort out issues between insurers and re-insurers.
IRDAI to set up task forces on issues of reinsurance support
  • The task force will be headed by Naveen Tahilyani, MD, and CEO of Tara AIA life insurance. This task force consists of seven members and will look at the life insurance segment and re-insurers.
    • This Panel has been asked to study and make recommendations on the stabilization of reinsurance rates, capacity constraints with reinsurers, securitization of mortality risk, and financial reinsurance solutions, among others.
  • A 9-members panel has been set up to sort out the issues between non-life insurers and re-insurers and will be headed by Bhargav Dasgupta, MD, and CEO of ICICI Lombard general insurance.
    • This Panel has been asked to suggest steps on the applicability of compliance requirements, and faster settlement and payment mechanism among the re-insurers and cross-border reinsurers (CBRs), among others.
  • These task forces will have to submit reports in three weeks.
  • Static knowledge:
    • IRDAI Chairman - Debasish Panda
    • IRDAI Headquarters - Hyderabad
    • IRDAI was formed - in 1999


Q.1 Who will head the task force set up by IRDAI for the life insurance sector?
a. Naveen Tahilyani
b. Prashant Tripathi
c. Ashish Vohra
d. M.R Kumar

Can I help you?

ramandeep singh

Hey I am Ramandeep Singh. I am determined to help students preparing for RBI, SEBI, NABARD and IBPS exams. Do you want me to help you ?

Join my class here
    Follow me:
Close Menu
Close Menu