Insurance Regulatory and Development Authority of India
Press Release | 2 July, 2026
IRDAI Hosts Distinguished Visit and Address by Chief Economic Advisor Dr. V.
Anantha Nageswaran on India's Evolving Economic Landscape and the Role of
Insurance
The Insurance Regulatory and Development Authority of
India (IRDAI) hosted an interactive session by Dr. V.
Anantha Nageswaran, Chief Economic Advisor to...
Insurance Regulatory and Development Authority of India Press Release | 2 July, 2026 IRDAI Hosts Distinguished Visit and Address by Chief Economic Advisor Dr. V.
Anantha Nageswaran on India's Evolving Economic Landscape and the Role of Insurance The Insurance Regulatory and Development Authority of India (IRDAI) hosted an interactive session by Dr. V.
Anantha Nageswaran, Chief Economic Advisor to the Government of India, on 1st July 2026 at its Headquarters in Hyderabad.
The session was attended by Shri Ajay Seth, Chairman, IRDAI, Members of the Authority, senior officials and officers of IRDAI along with CEO and officers of Insurance Information Bureau of India and Institute of Insurance and Risk Management.
Dr. Nageswaran delivered a comprehensive presentation on the evolving global economic order, India's macroeconomic outlook and the strategic priorities that will shape the country's journey towards Viksit Bharat. He highlighted the implications of an increasingly fragmented global environment, changing geopolitical dynamics, technological disruption, demographic transition, urbanisation and climate-related risks for India's long-term development trajectory.
A significant part of the discussion focused on the insurance sector as a critical pillar of economic resilience and inclusive development. Dr. Nageswaran also highlighted emerging challenges confronting the insurance sector, including the rising burden of chronic diseases, population ageing, climate-related risks and the possible adoption of artificial intelligence in underwriting and claims management. He emphasised the importance of ensuring that technological innovation is accompanied by transparency, accountability and strong consumer protection, while maintaining public trust in the insurance ecosystem.
Addressing the officers of the Authority, Dr. Nageswaran shared a set of guiding principles for public administration, stressing the need for timely decision-making under uncertainty, institution building, intellectual integrity, openness to constructive dissent and citizen-centric governance. He encouraged officers to build enduring systems, nurture future leadership and uphold accountability in public service.
The session concluded with an engaging interaction between Dr. Nageswaran and the officers of IRDAI, during which a wide range of issues relating to economic policy, financial sector advancement, insurance sector development and India's long-term growth prospects were discussed.IRDAI expresses its sincere gratitude to Dr. V. Anantha Nageswaran for sharing his valuable insights with the Authority. Such interactions enrich institutional capacity by fostering informed policy discussions and strengthening the collective understanding of the evolving economic and financial landscape.