IRDAI asks insurers to submit data for Index of Service Production
The Insurance Regulatory and Development Authority of India (IRDAI) directed insurers to submit premium, claims and investment data. The data will support the Ministry of Statistics and Programme Implementation (MoSPI) in preparing the Index of Service Production (ISP), a new indicator tracking output of the services sector. It reflects efforts to better measure India's services-driven economy.
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A new services-sector output index (ISP) and the regulator behind the data — indices and economy.
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- IRDAI directed insurers to submit premium, claims and investment data.
- Data feeds the Index of Service Production (ISP).
- Compiled by the Ministry of Statistics and Programme Implementation (MoSPI).
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