Press Release – Bima Manthan

IRDAI has issued a Press Release dated July 1, 2022 on Bima Manthan – a bi-monthly series of in-person meetings with CEO/MDs of all the insurers (Press Release).

Highlights of the Press Release are as follows:

• The Press Release summaries the discussions held at the second bi-monthly meetings with the CEO/MDs of Life, Non-life & Health insurers on June 30, 2022 and July 1, 2022 respectively along with CEOs of Reinsurers
• Secretary Generals of Life Insurance Council and General Insurance Council, CEO of Insurance Information Bureau (IIB) and MD of Institute of Insurance and Risk Management (IIRM) also participated during the meeting
• The theme of the meeting was “The Road Ahead” wherein targets for the insurance industry in terms of penetration and reach were collectively identified
• The insurers were guided to increase the growth rate and were individually provided indicative targets along with unique state(s)/UT/(s) to lead on
• The meeting included presentations from the Councils on their role as growth driver of the industry IIB also presented upon enhancing its role and also its corporatization
• Chairman, IRDAI, announced setting up of a task force which will include representation from the insurers, reinsurers and IRDAI to ensure collaborative and consultative approach towards the issues pertaining to reinsurance.
• Dr. R S Sharma, CEO of National Health Authority (NHA) delivered a presentation which touched upon Ayushman Bharat Digital Mission and design of National Health Claims Exchange. Chairman, IRDAI proposed creation of a working group including officials of NHA, IRDAI and representation from the industry to deliberate upon utilisation of the exchange by the insurance industry

Source category: IRDAI

Attachments

• /2022/61_2022-07-01_Press_Release_-_Bima_Manthan.pdf