India's insurance regulator, Irdai, has granted a license to general insurer Kshema General Insurance, the first since 2017. This follows the recent licensing of Credit Access Life and Acko Life. Irdai is currently considering around 20 more applications from prospective insurers. Irdai's chairman, Debasish Panda, told reporters that the regulator wants the industry to take seriously the "Insurance for all by 2047" mandate and the industry should look at devising ways to insure the segments of the economy that are currently uninsured.
