Who shall review the investment risk management system of the insurance company ?
CS Professional · Banking and Insurance - Laws and Practice · PYQS · December 2025
Who shall review the investment risk management system of the insurance company ?
Answer & Explanation:
The Investment Risk Management Systems and Process shall be reviewed once in two financial years or such shorter frequency as decided by the Board of the Insurer (the gap between two such audits should not be more than two years), by a Chartered Accountant firm and file the certificate issued by such Chartered Accountant, with the IRDAI along with the first quarter returns.
Topics: IRDAI Regulations on Investments
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