The Insurance Regulatory and Development Authority of India (IRDAI) has reconstituted the Reinsurance Advisory Committee (RAC) as per Section 101B of the Insurance Act, 1938, effective May 19, 2022. The committee's tenure is three years from the date of publication on the IRDAI website. The DGM (Re-insurance) will serve as Secretary.
The RAC members are:
* **Shri Dhananjay Date:** Former Managing Director, Swiss Re, India (Chairman)
* **Shri R. Chandrasekaran:** Former Head of Reinsurance, Cholamandalam MS General (Member)
* **Shri G. Srinivasan:** Director, National Insurance Academy (Member)
* **Shri Parijat Dutta:** Former General Manager, GIC Re, India (Member)
The notification reference is IRDAI/REIN/NOT/RIN/101/5/2022. The Chief General Manager (Reinsurance), S P Chakraborty, has been approved as the Competent Authority. IRDAI's address is Survey No. 115/1, Financial District, Nanakramguda, Gachibowli, Hyderabad - 500032. The telephone number is +91-40-20204000.
Key Entities Referenced
Insurance Act, 1938, Section 101B: Legal basis for the reconstitution of the Reinsurance Advisory Committee (RAC).
Reinsurance Advisory Committee (RAC): Advisory committee reconstituted by IRDAI as per the notification.
INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA: Regulatory body issuing the notification for the reconstitution of the Reinsurance Advisory Committee (RAC).
Notification
Ref: IRDAI/REIN/NOT/RIN/101/5/2022 Date: 19-05-2022
Re: Reconstitution of Reinsurance Advisory Committee
As per provisions under Section 101B of the Insurance Act, 1938; the Authority hereby
reconstitutes the Reinsurance Advisory Committee (RAC) with the Chairman and Members
as mentioned below:
S.N. Name Designation & Organisation Position in RAC
Shri Dhananjay Date
1 Former Managing Director, Swiss Re, India Chairman
Former Head of Reinsurance, Cholamandalam
2 Shri R. Chandrasekaran Member
MS General
3 Shri G. Srinivasan Director, National Insurance Academy Member
4 Shri Parijat Dutta Former General Manager, GIC Re, India Member
The DGM (Re-insurance) will function as Secretary to the Reinsurance Advisory Committee.
The committee is constituted with immediate effect and the tenure of the committee shall be
for a period of three years from the date of publication in the IRDAI website.
This has approval of the Competent Authority.
S P Chakraborty
Chief General Manager (Reinsurance)
सर्वे नं.-115/1, फाइनंशियल शिस्ट्रिक्ट Survey No. 115/1, Financial District
नानकरामगुिा, गच्चीबाउली हैदराबाद - 500032 Nanakramguda, Gachibowli, Hyderabad – 500032
दूरभाष: +91-40-20204000 Tel: +91-40-20204000