New Corporate Governance Regulations

New Corporate Governance Regulations Introduced By IRDAI For Insurers

The Insurance Regulatory and Development Authority of India (IRDAI) has released a comprehensive master circular outlining operational and procedural requirements for all insurers. Notably, insurers are now required to obtain prior approval for appointing their Board Chairperson, with existing Chairpersons given until March 31, 2026, to comply. Titled "Master Circular...