Insurance, though a matter of contract between two parties, is nevertheless of concern to the public and hence needs to be regulated. The fundamental purpose of insurance regulation / law is to protect the public, consumers and policyholders. Regulation also shapes the structure and conduct of industry and therefore the performance of insurers. Historically, the industry has been shaped by legal principles, practices, and laws with insurance to become one of the highly regulated industries. The regulatory architecture plays a major role in the growth of insurance sector.  Rapid advances in digital technology are also transforming the insurance industry landscape, creating opportunities and challenges for all stakeholders.

 In order to cope with the regulations, insurers often adopt a mind-set of a routine nature of mandatory compliances with a result they are unable to draw optimum benefit out of regulations. However, insurers need to appreciate the philosophy behind the regulations, widen their awareness of trends and develop understanding of various regulations to ensure proper compliance.   


The programme aims to equip the participants with understanding and knowledge of


Ø  Principles, rationale, and various roles of the Insurance Regulatory & Development Authority

Ø  Market conduct norms and other prudential norms

Ø  Measures for compliance of regulation


Ø   Introduction to Insurance Regulations

Ø   Role of Insurance Regulator

Ø   Regulations on Consumer protection, Market Conduct, solvency approaches, Product, Pricing, Distribution and Promotion

Ø   Ensuring safety and soundness of insurers - Risk management Regulations, Corporate Governance

Ø   Technology, Innovation and Regulations

Participants’ Profile : Junior and Middle level Officials of public and private sector General Insurance Companies,

Duration:        2 Days

Dates:             29.09.2022-30.09.2020