Ajay Seth Appointed As Chairman Of Insurance Regulator IRDAI

Ajay Seth has been appointed as Chairman of the Insurance Regulatory and Development Authority of India (IRDAI), succeeding Debashis Panda after a five-month vacancy in the post.

Seth is an IAS officer of the Karnataka cadre. He is a former Secretary of the Department of Economic Affairs. He brings over three decades of experience in economic policy and regulatory reform. His appointment as IRDAI Chairman comes at a time when the regulator is advancing priorities such as insurance penetration, digital transformation, and customer-centric reforms, including the Bima Trinity initiatives (Bima Sugam, Bima Vistaar, and Bima Vahak). Seth is expected to focus on industry issues like claim settlements, premium pricing, and mis-selling practices.

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