India: Adopted IRDAI (Maintenance of Insurance Records) Regulations, 2015 including data localisation requirement
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Description
Adopted IRDAI (Maintenance of Insurance Records) Regulations, 2015 including data localisation requirement
On 12 August 2015, the Insurance Regulatory and Development Authority of India adopted the IRDAI (Maintenance of Insurance Records) Regulations, 2015. The Regulations require electronic records on insurance policies and claims made in India to be held in data centres located and maintained in India. Insurers are granted 90 days to comply.
Original sourceScope
Policy Area
Data governance
Policy Instrument
Data localisation requirement
Regulated Economic Activity
other service provider
Implementation Level
national
Government Branch
executive
Government Body
other regulatory body