The Insurance Regulatory and Development Authority of India (IRDAI) held a virtual engagement on 9 March 2026 with stakeholders from the United States financial services sector in collaboration with the US-India Strategic Partnership Forum (USISPF). The meeting aimed to strengthen international cooperation and discuss emerging opportunities in India’s insurance market. During the interaction, IRDAI highlighted recent regulatory developments and reforms, including the enactment of the Sabka Bima Sabki Raksha Act, 2025 and the implementation of Ind-AS accounting standards, which are expected to enhance transparency, governance, and innovation within the insurance industry. Participants exchanged views on global regulatory trends, evolving practices, and potential opportunities in insurance and financial services. IRDAI emphasised that continued engagement with international stakeholders is important to understand global perspectives and align regulatory approaches with evolving market dynamics. The regulator reaffirmed its commitment to fostering a stable, transparent, and well-regulated insurance ecosystem while encouraging constructive dialogue with domestic and global partners to strengthen India’s insurance sector.
Insurance Regulatory and Development Authority of India
Press Release | 10th March 2026
IRDAI engages with US India Strategic Partnership Forum to Strengthen Global Collaboration
IRDAI, in collaboration with the US-India Strategic Partnership Forum (USISPF), convened a virtual engagement on 9th March 2026 with US-based stakeholders representing a wide spectrum of the financial services ecosystem. The interaction formed part of IRDAI’s continued efforts to deepen international engagement and exchange perspectives on developments shaping India’s insurance sector.
During the discussion, the opportunities emerging in the Indian insurance market were highlighted along with an overview of recent regulatory developments in Indian insurance sector. IRDAI shared how enactment of Sabka Bima Sabki Raksha Act 2025 and ongoing reforms including implementation of Ind-AS will strengthen industry standards while fostering innovation, transparency and market integrity. Participants shared perspectives on global trends, evolving regulatory practices, and emerging opportunities in the insurance and financial services sectors.
Shri Ajay Seth, Chairman, IRDAI, emphasised that sustained engagement with global stakeholders is essential for building a resilient and forward-looking insurance ecosystem. “Engaging with international stakeholders allows us to better understand global perspectives, share our regulatory approach and better align with evolving market dynamics,” he said.
IRDAI reaffirmed its commitment to maintaining open and constructive engagement with domestic and international stakeholders as it continues to promote a stable, transparent, and well-regulated insurance sector in India.
About the USISPF:
The USISPF is a non-profit, non-governmental and non-partisan organisation with offices in Washington, D.C. and New Delhi. It works to strengthen economic and strategic engagement between India and the United States by facilitating dialogue among businesses, policymakers and other stakeholders.
