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IRDAI Corner
September 2025
|THE INSURANCE TIMES
Development and implementation of Risk Based Capital (RBC) Framework for Indian Insurance Industry is one of the key initiative undertaken by IRDAI among various other initiatives to align the Indian Insurance Industry with global best practices.
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Quantitative Impact Study-2
August 14, 2025
1. As a key step in this direction, the IRDAI conducted the First Quantitative Impact Study (QIS 1) to assess the RBC framework's initial impact in the year 2023.
2. Basis the insights gained from the initial impact study and suggestions received from the insurers, it was considered necessary to further improve the framework and conduct Second Quantitative Impact Study (QIS 2).
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