IRDAI asks insurers to submit data for Index of Service Production
The IRDAI directed insurers to submit premium, claims and investment data for the Index of Service Production (ISP). The data will meet the requirements of the Union Ministry of Statistics and Programme Implementation (MoSPI), which is preparing the ISP. The index aims to capture output trends in India's services sector.
Nabka Insight
A new services-sector index and the regulator-ministry link — examinable in economy and reports/indices.
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- IRDAI asked insurers for premium, claims and investment data.
- Data feeds the Index of Service Production (ISP).
- ISP is being prepared by the Ministry of Statistics and Programme Implementation (MoSPI).
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