Regulator looking into risk-based capital norms for insurers

India's Insurance Regulatory and Development Authority has set up a committee to look into the risk-based capital norms in the insurance sector, reported Business Standard.

The committee will recommend a suitable approach after looking into the merits and demerits of the current solvency regime and a risk-based capital one.

The committee will also recommend a broad time-frame for completion of the exercise.

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