Irdai Chief holds a virtual meet with insurance CEOs

Ajay Seth, chairman of the Insurance Regulatory and Development Authority of India (Irdai), in his first virtual interaction with the CEOs, was presented with data on growth, loss ratios, settlement ratios and initiatives such as a common hospital empanelment framework.

The virtual meeting, which CEOs described as more introductory in nature, is expected to be followed by a physical meeting later this month with insurance CEOs. “I have now got a 30,000-feet view of the industry. We will meet in person soon, and I will also interact with you one-onone to understand companyspecific concerns,” he told executives, one person said.