See Full Document Text
Insurance Regulatory and Development Authority of India
Press Release | 10th March 2026
IRDAI engages with US India Strategic Partnership Forum
to Strengthen Global Collaboration
IRDAI, in collaboration with the US-India Strategic Partnership Forum (USISPF),
convened a virtual engagement on 9th March 2026 with US-based stakeholders representing a
wide spectrum of the financial services ecosystem. The interaction formed part of IRDAI’s
continued efforts to deepen international engagement and exchange perspectives on
developments shaping India’s insurance sector.
During the discussion, the opportunities emerging in the Indian insurance market were
highlighted along with an overview of recent regulatory developments in Indian insurance
sector. IRDAI shared how enactment of Sabka Bima Sabki Raksha Act 2025 and ongoing
reforms including implementation of Ind-AS will strengthen industry standards while fostering
innovation, transparency and market integrity. Participants shared perspectives on global
trends, evolving regulatory practices, and emerging opportunities in the insurance and financial
services sectors.
Shri Ajay Seth, Chairman, IRDAI, emphasised that sustained engagement with global
stakeholders is essential for building a resilient and forward-looking insurance ecosystem.
“Engaging with international stakeholders allows us to better understand global perspectives,
share our regulatory approach and better align with evolving market dynamics,” he said.
.
IRDAI reaffirmed its commitment to maintaining open and constructive engagement with
domestic and international stakeholders as it continues to promote a stable, transparent, and
well-regulated insurance sector in India.
About the USISPF:
The USISPF is a non-profit, non-governmental and non-partisan organisation with offices in
Washington, D.C. and New Delhi. It works to strengthen economic and strategic engagement
between India and the United States by facilitating dialogue among businesses, policymakers
and other stakeholders.
***