2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Who is the head of IRDAI committee to identify Systemically Important Insurers (SII)?
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Anup Sah
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Devarapalli Prakash Rao
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Nagindas Sanghavi
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Pravin Kutumbe
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Explanation:
Detailed explanation-1: -Insurance regulator, Insurance Regulatory and Development Authority of India (Irdai) has stated that LIC, GIC Re and New India continue to be identified as Domestic Systemically Important Insurers (D-SIIs) for 2021-22.
Detailed explanation-2: -D-SIIs are insurers of such size, market importance, and domestically & globally inter-connected, whose failure or distress will result into significant dislocation in domestic financial system. D-SIIs are perceived as insurers which are ‘too big or too important to fail’ (TBTF).
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