What are the disclosure requirements that have been prescribed by IRDAI for insurance companies under the corporate governance guidelines?

The disclosure requirements specified under IRDAI along with Annual Financial Statements for Insurance Company under corporate governance guidelines are under: Quantitative and qualitative information on the insurer's financial and operating ratios- namely incurred claim, commission and expenses ratios. Actual solvency Margin details vis-à-vis the required margin. Insurers engaged in life insurance business shall disclose persistency ratio of policies sold by them. Policy lapse ratio for life insurers. Financial performance including growth and current financial position of the insurer. Description of risk management architecture. Details of number of claims initiated, disposed of and pending with details of duration. All pecuniary relationships or transactions of the non-executive directors vis-à-vis the insurer. Elements of remuneration package (including incentives) of MD & CEO and all other directors and Key Management Persons. Payments made to group entities from the Policyholders Funds. Any other matters, which have material impact on the insurer's financial position Where finalization of annual accounts extends beyond 90 days from the end of the Financial Year, the status on disclosure in the financial statements required under this clause may be made within 15 days of adoption of annual accounts by the Board of Directors of the Insurers.