Indian insurance regulator adopts industry software for product vetting

The Indian insurance regulator is ramping up its product approval process, after adopting the same pricing software as its insurers – and the signs are that more Asian regulators may follow this trailblazer.

Indian electricity market

India's Insurance Regulatory and Development Authority (IRDA) has sought to improve the way insurance products get approved in the country by becoming what is believed to be the first regulator globally to adopt the same pricing software as its insurers.

The Indian insurance regulator licensed SunGard's iWorks Prophet software, an actuarial software system, late last year and has now developed stress-testing procedures around the platform. SunGard says it is having discussions with similar

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here