Following public feedback, the IRDAI has revised and responded to the draft Insurance Surveyors and Loss Assessors Regulations, clarifying various provisions in the proposed framework. The changes aim to improve governance.
IRDAI Responds to Feedback on Insurance Surveyors and Loss Assessors Amendment Regulations, 2026
The IRDAI has announced revisions to the Draft Insurance Surveyors and Loss Assessors (Third Amendment) Regulations, 2026, as a response to the feedback received from the public. The adjustments made aim to refine the governance framework and delineate clearer responsibilities and procedures for insurance surveyors and loss assessors.
The regulatory amendments seek to enhance accountability and transparency within the insurance market, addressing stakeholder concerns regarding compliance and operational standards. Key changes have been incorporated to ensure that the roles and responsibilities of surveyors and assessors are well defined.
“Our revisions reflect a commitment to foster a more accountable insurance landscape,” the IRDAI stated.
This action from the IRDAI indicates a considerable push towards upholding standards and ensuring that insurance practices align with consumer protection principles. Legal practitioners in insurance should pay attention to these updates, as they could affect compliance and operational protocols within the sector.
Citations
- IRDAI Response (2026) IJL 458
