Swaminathan S. Iyer Appointed as Whole-Time Member (Life) of IRDAI:
The Government of India has approved the appointment of Swaminathan S. Iyer as a whole-time member (life) of the Insurance Regulatory and Development Authority of India (IRDAI). This appointment has significant implications for the insurance sector, as the IRDAI plays a critical role in regulating and developing the Indian insurance industry. Iyer’s extensive experience in legal, regulatory affairs, and insurance will bring valuable expertise to the regulatory body. His appointment is for a period of five years or until he turns 62, whichever comes first.
