Question

What does the IRDA monitor as a key measure of insurers' and reinsurers' financial health?

a.

Market share and customer satisfaction

b.

Premium income and investment returns

c.

Claims settlement ratio and policy lapse rate

d.

Solvency margin and business continuity

Answer: (d).Solvency margin and business continuity Explanation:The Insurance Regulatory and Development Authority (IRDA) in India monitors the solvency margin of insurers and reinsurers as a key measure of their financial health and business continuity. The solvency margin indicates the ability of the insurer or reinsurer to meet its financial obligations and continue its operations without interruption.

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Q. What does the IRDA monitor as a key measure of insurers' and reinsurers' financial health?

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