“Engaging with international stakeholders allows us to better understand global perspectives,share our regulatory approach and better align with evolving market dynamics,” Seth said while addressing a virtual engagement organised by the IRDAI, in collaboration with the US-India Strategic Partnership Forum (USISPF),on Monday.
Hyderabad: Ajay Seth, chairman, IRDAI, emphasised that sustained engagement with global stakeholders is essential for building a resilient and forward-looking Indian insurance ecosystem.
“Engaging with international stakeholders allows us to better understand global perspectives,share our regulatory approach and better align with evolving market dynamics,” he said while addressing a virtual engagement organised by the IRDAI, in collaboration with the US-India Strategic Partnership Forum (USISPF),on Monday.
With US-based stakeholders representing a wide spectrum of the financial services ecosystem, the interaction formed part of IRDAI’s continued efforts to deepen international engagement and exchange perspectives on developments shaping India’s insurance sector.
IRDAI shared how enactment of Sabka Bima Sabki Raksha Act 2025 and ongoing reforms including implementation of Ind-AS will strengthen industry standards while fostering innovation, transparency and market integrity.
The Indian insurance regulator reaffirmed its commitment to maintaining open and constructive engagement with domestic and international stakeholders as it continues to promote a stable, transparent, and well-regulated insurance sector in India.
During the discussion, the opportunities emerging in the Indian insurance market were
highlighted along with an overview of recent regulatory developments in Indian insurance sector.Participants shared perspectives on global trends, evolving regulatory practices, and emerging opportunities in the insurance and financial services sectors.
The USISPF is a non-profit, non-governmental and non-partisan organisation with offices in Washington, D.C. and New Delhi. It works to strengthen economic and strategic engagement between India and the United States by facilitating dialogue among businesses, policymakers and other stakeholders.