Irdai considers risk-based capital approach

The Insurance Regulatory and Development Authority of India (Irdai)
has decided to form a committee to consider employing a risk-based
capital approach and liability valuation methods, the watchdog
announced last week (10 June).
The committee is chaired by Dilip Chakraborty, consulting
actuary, and other members include BN Rangarajan, chairperson of
the advisory group on life insurance at the Institute of Actuaries
of India; and Mehul Shah, chairperson of the advisory group on
general insurance