Question
Recently IRDAI has formed task force of 9 members for
the non-life insurance industry, who is the head of this task force?Solution
The IRDAI has formed two task forces to study issues the non-life insurance and life insurance industries face in reinsurance support. The two have to give reports in three weeks. Reinsurance support refers to insurance companies transferring a part of the risk they underwrite to other firms. The task force for the non-life insurance industry has nine members and it will be headed by Bhargav Dasgupta, MD&CEO, ICICI Lombard General Insurance. For the life insurance industry, a seven-member task force has been constituted under the chairmanship of Naveen Tahilyani, MD&CEO, TATA AIA Life Insurance. IRDAI Headquarters: Hyderabad Chairperson: Subhash Chandra Khuntia
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