International Financial Services Centres Authority

(A statutory authority established by Government of India)

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IFSCA sets up committee of experts on Insurance


The International Financial Services Centres Authority has set up a Committee of Experts on Insurance with the following terms of reference:

  • Identify areas for developing IFSC as a global hub for insurance and reinsurance activities along with strategic frames for making IFSC as a preferred destination for global insurers and reinsurers.
  • To suggest a roadmap for making IFSC as a hub for the insurance solutions for large Indian Diaspora.
  • To suggest regulatory design conducive to building a global insurance hub.

The Committee consists of the following :

  • Mr. G. N. Bajpai, (Former Chairman LIC & SEBI and Hon. Senior Advisor, IFSCA)-Chairperson
  • Mr. M.R. Kumar (Chairman,LIC) - Member
  • Mrs. T. L. Alamelu (Whole Time Member, IRDAI & Member, IFSCA) - Member
  • Mr. Atul Sahai (CMD, New India Assurance Co. Ltd) -Member
  • Mr. Devesh Srivastava (CMD, General Insurance Corporation of India) - Member
  • Mr. Shankar Garigiparthy (CEO & Country Manager, Lloyd’s India) - Member
  • Ms. Ieva Segura Cobos (Head -Regulatory Risk Management Asia, Director, Swiss Re) - Member
  • Mr. Sakate Khaitan (Managing Partner, Khaitan Legal Associates, India & UK) - Member
  • Mr. Manoj Kumar (Executive Director, IFSCA) - Member Secretary