IRDAI defers Third Party Administrators’ listing proposal, plans uniform intermediary framework
The Insurance Regulatory and Development Authority of India (IRDAI) has deferred its proposal to allow the listing of Third Party Administrators (TPAs) and will instead create a comprehensive regulatory framework for all insurance intermediaries. This decision follows stakeholder feedback indicating that access to public markets could enhance capital raising and service quality. The IRDAI emphasized that the listing issue extends beyond TPAs, necessitating a broader policy approach.