IRDAI creates working group to guide responsible AI use
Business
India's insurance regulator, IRDAI, just set up a special working group to guide how artificial intelligence (AI) gets used in the industry.
Chaired by Prof Sandeep K Shukla, Director, IIIT Hyderabad, the group's job is to lay out clear rules and best practices so AI can be used responsibly.
IRDAI prioritizes fairness security and consultations
IRDAI knows AI brings big opportunities but also some tricky issues around ethics, operations, and cybersecurity.
The new team will focus on keeping things fair and secure for everyone.
Plus, fresh regulations are coming under the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025: expect more public input, expert reviews, and a real push to balance innovation with protecting policyholders.