Insurance Regulatory and Development Authority of India, IRDA today constituted a working group to the norms for insurance surveyors. The 7-member working group has been formed to address areas pertaining to licensing, renewal and others in the context of the existing regulatory framework for Surveyors and Loss Assessors.
The working group has been asked to make holistic analysis of the existing regulatory framework in view of the requirements of the industry.
The group will study the Memorandum of Association and Articles of Association of the Indian Institute of Insurance Surveyors and Loss Assessors and make recommendations to bring about alignment with the Surveyor Regulations.
The working group will submit its report with recommendations within six weeks.