The Insurance Regulatory and Development Authority is contemplating regulatory reforms in the distribution channel, according to its Chairman, T.S. Vijayan.
"We are looking at sub-broker level and bank channels in distribution which should contribute to growth," he said in his address at the convocation of Institute of Insurance and Risk Management (IIRM) here on Tuesday.
The regulator had announced many changes in the product norms in life and health insurance segments recently with the main objective of reducing mis-selling.
T. Narasimha Rao, Managing Director, IIRM, said new multilevel courses in short and long term durations in business analytics, survey & valuations, regulatory practices and company specific programmes.
IIRM would be collaborating with Chartered Insurance Institute, London, he added.
Steve Jenkins, Director, CII, London, said as a global industry insurance industry provides both opportunities and challenges.
The issues relating to an interventionist regulation, data management and political aspects would be main challenges in future, he added.
In the convocation, 111 candidates received their degrees.