IRDAI said that the meeting brought together senior leadership from insurance companies and other invited stakeholders from the insurance ecosystem to deliberate on the vision, design, and implementation roadmap of Public Insurance Registry, the digital public insurance infrastructure, aimed at enhancing transparency, consumer protection, and market efficiency in the sector.
Also Read: Health insurance priority for government, to cover all by 2033: Nirmala Sitharaman
“The proposed Public Insurance Registry represents an important step towards modernising the information architecture of the insurance sector,” said Ajay Seth, chairman, IRDAI. “By enabling standardised, consent-based access to structured insurance data, the initiative seeks to enhance transparency, strengthen consumer confidence, and support more effective regulatory oversight. This reform is intended to build a more accountable, efficient and data-driven insurance ecosystem that can support sustainable growth in insurance inclusion, as envisaged in ‘Sabka Bima Sabki Raksha’ vision.”
The platform will consolidate structured insurance data across stakeholders, reduce information asymmetry, improve fraud detection, and enable data-driven regulatory oversight.
Also Read: IRDAI proposes Ind AS adoption for insurance sector from April 2026
It will be like a digital infrastructure covering the entire insurance lifecycle from policy issuance to claims, grievance redressal and dispute resolution. It is expected to consolidate structured data across stakeholders, reduce information asymmetry and strengthen grievance and regulatory oversight.