India’s missing insurance regulator

Key positions at the IRDAI, including that of its chairperson, have been vacant for over seven months. Why?

On 6 May 2021, the day India clocked its highest number of COVID-19 cases, Insurance Regulatory and Development Authority of India chairman Subhash C. Khuntia vacated his office in Hyderabad. His tenure had ended.

On that day, India recorded 414,000 new cases and 3,923 deaths. With fresh cases at 8,439 and deaths below 200 on Wednesday, the pandemic has eased comparatively but it shows no sign of going away. Rather, there are now concerns over a new wave of infections, with the World Health Organization categorizing the Omicron strain as a variant of concern.

Seven months on, IRDAI remains headless. …


Ashwin Manikandan

Ashwin covered fintech and banking at The Morning Context. Previously, he was at The Economic Times, where he worked across the finance, tech and startup verticals, breaking stories related to India’s banking system, startups in the new economy, digital payments, insurance and cryptocurrencies.