This guide provides an overview of the rapidly evolving world of autonomous insurance, a new form of insurance that is transforming the industry. It covers the basics of autonomous insurance, including how it works, the benefits it provides, and the challenges it presents
The Insurance Regulatory and Development Authority of India (IRDAI) is an autonomous and statutory body under the Ministry of Finance, Government of India. It is tasked with regulating and licensing the insurance and re-insurance industries in India. It was constituted by the Insurance Regulatory and Development Authority Act, 1999, an Act of Parliament passed by the Government of India. The agency's headquarters are in Hyderabad, Telangana, where it moved from Delhi in 2001.