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Which government body regulates insurance industry


1. Insurance Regulatory and Development Authority of India (IRDAI), is a statutory body formed under an Act of Parliament, i.e., Insurance Regulatory and Development Authority Act, 1999 (IRDAI Act 1999) for overall supervision and development of the Insurance sector in India.

Which body regulates insurance companies in Ghana?

The National Insurance Commission (NIC) was established under Insurance Law 1989 (PNDC Law 227), and now operates under Insurance Act, 2006 (Act 724). The object of the Commission is to ensure effective administration, supervision, regulation and control the business of Insurance in Ghana.

Which body regulates insurance companies in Kenya?

The Insurance Regulatory Authority is a statutory government agency established under the Insurance Act (Amendment) 2006, CAP 487 of the Laws of Kenya to regulate, supervise and develop the insurance industry.

Who is the primary regulator of the insurance industry?

The Federal Insurance Office (FIO) was established under Title V of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Which body regulates insurance in South Africa?

The South African Insurance Association (SAIA) is the representative body of the non-life insurance industry. It represents the industry to all relevant stakeholders to ensure a sustainable and dynamic industry. SAIA has 57 members, comprising all categories of non-life insurers, including reinsurers.