Insurance Regulation

Why it matters

• Ensures the long-term solvency of insurers to guarantee claim settlements for policyholders.
• Promotes fair market practices and transparency in product design and pricing.
• Maintains overall financial stability by mitigating risks within the insurance sector.
• Facilitates the growth of the insurance penetration rate through standardized consumer protection norms.

How it is asked

Focus on the role of the regulatory body in balancing consumer protection with market innovation, the impact of regulatory sandboxes, and the evolution of solvency norms in the context of the broader financial sector.