As the insurance business grows bigger in India, the Insurance Regulatory and Development Authority of India is coming out with several regulations on corporate governance, accounting practices, reinsurance and corporate agents, its Chairman T.S. Vijayan said.
“We should be able to bring out corporate governance guidelines in October. These will comprise all the issues including management control,” he said while inaugurating the eight Assocham Global Insurance Summit on Thursday.
“Interested people are in touch with us and I am sure they will be playing by this month or next month,” Mr. Vijayan said. He said that the accounting regulations would be in place by January.
