Irdai is worried about some life insurers. These insurers are allegedly changing actuarial assumptions. This is to keep solvency ratios above the minimum. Irdai has warned CEOs and actuaries. The regulator is pushing for tighter oversight. Risk-based inspections have begun. These inspections will assess if assumptions align with past data.
from Banking/Finance-Industry-Economic Times https://ift.tt/4SU6kCm
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