Mumbai: Happy with the appointment of insurance companies Debasish Panda As head of the industry’s regulatory authority, he feels the former bureaucrat has a good understanding of insurance.
Most of the former presidents except TS Vijayan, who came from here LIC, were bureaucrats and had to go through a steep learning curve after taking over. Panda, despite being a career bureaucrat, has a strong affiliation with the insurance industry and has been on the boards of two of the largest government companies – New India Assurance and Life Insurance Corporation (LIC) – and the regulator. irdai on one’s own. he was actively involved Disinvestment of IDBIWhich was acquired by LIC, and later the insurance giant’s proposed initial public offering (IPO).
“At the Department of Financial Services (DFS), he had shown empathy towards insurance companies and understood the problems faced by them,” said an official of a public sector insurance company. According to the head of a private non-life company, the new Irdai chief had a consultative view in the government and did not issue any decree.
Panda, a 1987 batch UP cadre IAS officer, was on Friday appointed as the sixth chairman of IRDA. According to insurers, the first and foremost challenge before IRDA will be the public sector non-life insurance companies and work with the government on a road map for them to get both their balance sheets and operational efficiency back on track. second is IPO by LIC,
Most of the former presidents except TS Vijayan, who came from here LIC, were bureaucrats and had to go through a steep learning curve after taking over. Panda, despite being a career bureaucrat, has a strong affiliation with the insurance industry and has been on the boards of two of the largest government companies – New India Assurance and Life Insurance Corporation (LIC) – and the regulator. irdai on one’s own. he was actively involved Disinvestment of IDBIWhich was acquired by LIC, and later the insurance giant’s proposed initial public offering (IPO).
“At the Department of Financial Services (DFS), he had shown empathy towards insurance companies and understood the problems faced by them,” said an official of a public sector insurance company. According to the head of a private non-life company, the new Irdai chief had a consultative view in the government and did not issue any decree.
Panda, a 1987 batch UP cadre IAS officer, was on Friday appointed as the sixth chairman of IRDA. According to insurers, the first and foremost challenge before IRDA will be the public sector non-life insurance companies and work with the government on a road map for them to get both their balance sheets and operational efficiency back on track. second is IPO by LIC,