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Only 458 insurance actuaries in India, need at least 1,200: IRDA Chief

Only 458 insurance actuaries in India, need at least 1,200: IRDA Chief Actuaries play a big role in pricing the products in such a way that it provides protection to public at large and takes care of solvency of the insurance company Aprajita Sharma March 10, 2021 | Updated 16:09 IST The number of full-fledged insurance actuaries in India grew by just 19 in 2020 compared to the last year. There are only 458 actuaries compared to 439 in 2019, says IRDA Chief Subhash C. Khuntia as he sheds light...
Subhashc Khuntia Subhendu Kumar Bal Government Actuary Department International Financial Reporting Standard Life Insurance Company Institute Of Actuaries India

Need to quickly ramp up actuary professionals base: IRDAI Chief

March 10, 2021 Subash Chandra Khuntia, Chairman, IRDAIร— Insurance firms should champion adoption of IFRS17 and actuaries should play a role here: Subash Chandra Khuntia India should aspire to have atleast 1,000-1,200 actuaries as quickly as possible given the huge requirement of such professionals in the country, IRDAI Chairman Subash Chandra Khuntia said on Wednesday. โ€œThis is the minimum we should target because the present number of 458 is not adequate for a large country like India. Als...
Subash Chandra Khuntia Subhendu Kumar Bal Life Insurance Company Institute Of Actuaries India International Accounting Standard Board Actuarial Conclave

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