Current Affairs - Persons - Discussion

An autonomous body tasked with regulating insurance and re-insurance industries, IRDAI (Insurance Regulatory and Development Authority of India) has set up a single point contact for its regulatory sandbox (RS) initiative. The Fintech entities can seek permission to experiment with innovative products for the growth of the sector.IRDAI has invited applications already for the RS from 15, September 2019 - 14, October 2019. It nominated Sanjay Verma as the "Single Point of Contact on regulatory sandbox matters", will communicate & guide the applicants.