IRDAI has notified the IRDAI (Actuarial, Finance and Investment Functions of Insurers) (Amendment) Regulations, 2026, introducing sweeping changes to actuarial governance, financial reporting and investment norms, aligned with the Sabka Bima Sabki Raksha (SBSR) Act, according to ETBFSI on July 31.
Key changes: a framework for appointing actuaries for specific regulatory purposes, with eligibility criteria, defined powers and conflict-of-interest safeguards; a mandatory Financial Condition Report (FCR) for general and health insurers covering financial health, solvency position, reserve adequacy, profitability, liquidity, asset-liability management and future risk outlook; and formalised reporting of actuarial surplus through prescribed formats.
On investments, insurers can now invest in SPVs involved in operational infrastructure projects (subject to stable cash flows and minimum credit ratings), and in private limited companies, AIFs and venture funds within prescribed limits. Repo, reverse repo and government securities lending transactions are also permitted under IRDAI limits and RBI guidelines, improving liquidity management.
Source: ETBFSI (July 31, 2026)