Risk Management At ICICI Prudential

Abstract

The purpose of this research was to find out how Indian life insurance firms report on risk management and risk governance in their annual reports. The framework for risk management, risk governance, the independence and profile of the chief risk officer, risk policies articulated, and quality certification received were all elements taken into account when evaluating the quality of the disclosure. Despite the fact that each business adhered to the identical corporate governance requirements issued by the Insurance Regulatory and Development Authority of India, the research found a vast range in the substance of their disclosures (IRDAI).