RIA in Insurance Sector in India in facilitating investments and enabling access

Overview

This study undertook Regulatory Impact Assessment (RIA) on few of the critical issues in the insurance sector including investments in the sector, expenditures by insurance companies and lastly retention of customers which has been a major challenge. The regulatory architecture of a nation also plays a major role in the growth of a sector as complicated structures or uncertainty can create a business unfriendly environment, thereby impacting investments. Every regulation is designed to achieve certain objectives and the relevant regulations were analysed keeping this in mind, to understand the impact ñ both positive and negative, on stakeholders.