{"id":33235,"date":"2022-04-01T22:19:34","date_gmt":"2022-04-01T16:49:34","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-irdai-ifsca\/"},"modified":"2022-04-01T22:19:34","modified_gmt":"2022-04-01T16:49:34","slug":"biz-irdai-ifsca","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-irdai-ifsca\/","title":{"rendered":"IFSCA signs information exchange pact with IRDAI"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2779514757\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> New Delhi, Apr 1 (PTI) Global financial services watchdog IFSCA on Friday signed an agreement with the Insurance Regulatory and Development Authority of India (IRDAI) for strengthening information exchange between the two regulators.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1372398549\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> This agreement focuses on strengthening of inter-regulatory exchange of information, technical cooperation and supervisory collaboration, and opens avenues towards developing innovative insurance solutions for the evolving global trends, the International Financial Services Centers Authority (IFSCA) said in a statement.<\/p>\n<p> The Memorandum of Understanding (MoU) was signed between IFSCA chairperson Injeti Srinivas and IRDAI chairman Debasish Panda at the later&#8217;s head office in Hyderabad.<\/p>\n<p> The pact specifically enables mechanism for inter-operable regulatory sandbox through fintech bridge to facilitate Indian insurtech startups to explore foreign jurisdiction and vice versa, it said.<\/p><div class=\"trade-content_5\" id=\"trade-3782633976\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> &#8220;This MoU will enable coordination, cooperation and collaboration between the two regulators to attract global insurance industry players, including Indian insurance players seeking international markets, to create and develop innovative insurance solutions for both India and the world in a conducive environment,&#8221; it said.<\/p>\n<p> The IFSCA is responsible for development and regulation of international financial services, including that of insurance sector, in the IFSC which is treated as a separate international financial jurisdiction.<\/p>\n<p> The IRDAI is entrusted with the responsibility of all-round development and regulation of the insurance sector across India. PTI DP  DP HVA HVA<\/p>\n<div class=\"trade-after-content\" id=\"trade-2033189772\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Apr 1 (PTI) Global financial services watchdog IFSCA on Friday signed an agreement with the Insurance Regulatory and Development Authority of India (IRDAI) for strengthening information exchange between the two regulators. This agreement focuses on strengthening of inter-regulatory exchange of information, technical cooperation and supervisory collaboration, and opens avenues towards developing innovative insurance [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-33235","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IFSCA signs information exchange pact with IRDAI - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-irdai-ifsca\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IFSCA signs information exchange pact with IRDAI\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Apr 1 (PTI) Global financial services watchdog IFSCA on Friday signed an agreement with the Insurance Regulatory and Development Authority of India (IRDAI) for strengthening information exchange between the two regulators. 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