Public Insurance Registry (PIR)
On 17th March, the Insurance Regulatory and Development Authority of India (IRDAI) discussed the proposed Public Insurance Registry (PIR) with industry stakeholders, outlining a system that would bring together policy-related information across insurers into a single, consent-based platform.
- The PIR is envisioned as a structured, interoperable information infrastructure governed by the IRDAI to act as a centralized database for the insurance industry.
- It is designed to be a legally compliant, digital platform where data sharing is based strictly on the explicit consent of the policyholder, ensuring privacy and security.
- The registry will host data covering every stage of an insurance ....
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