Quarterly disclosures from Indian insurers required soon
Monday, Jun 21,2010, 2:31:42 PM Click:
India's Insurance Regulatory and Development Authority (IRDA) on Friday said it will ask insurance companies to announce quarterly disclosures and will talk to consultancy firm DELOITTE to come up with a format. IRDA member for finance and investment RK Nair said the regulator will ask Deloitte to come up with the format and the content of disclosures which the industry players will have to comply with.
* "The work will start in this month itself," Nair told newsmen on the sidelines of an insurance summit organised by the Indian Chamber of Commerce here on Friday.
* Referring to the IPO guidelines that Irda drafted for insurers, Nair said those have already been sent to the Securities and Exchange Board of India (SEBI).
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