What has the Insurance Regulatory and Development Authority of India (IRDA

The IRDAI has proposed removing the need for Indian insurance companies to seek prior approval from the regulator before listing on stock exchanges, subject to compliance with specified conditions. This suggestion is based on recommendations from the Regulation Review Committee (RRC) that consolidated existing regulation into IRDAI (Registration, Capital Structure, Transfer of Shares and Amalgamation of Indian Insurance Companies) Regulations, 2024, and is expected to enhance ease of doing business while ensuring protection of customer interests.