IRDAI asks insurers to submit data for Index of Service Production
The IRDAI directed insurers to submit data on premiums, claims and investments for the Index of Service Production. The details are needed to meet the data requirements of the Union Ministry of Statistics and Programme Implementation, which is preparing the Index of Service Production to better capture output from the services sector.
Nabka Insight
A new services-sector output index (ISP) and the insurance regulator’s role in feeding it.
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- IRDAI asked insurers for premium, claims and investment data.
- Data is for the Index of Service Production (ISP).
- ISP is being prepared by MoSPI.
- Regulator involved: IRDAI (insurance).
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