Insurance Compliance
Insurance ComplianceTo Insurance Brokers, Corporate Agents, and Web Aggregators
Unlock Your Potential with Our Insurance Compliance Service
Insurance Compliance To Insurance Brokers, Corporate Agents, and Web Aggregators
Core Capabilities
Our Insurance Compliance service is designed to provide comprehensive solutions tailored to your needs.
Registration, licensing & IRDAI approvals. Filing of mandatory returns & disclosures with IRDAI. Secretarial compliance: board meetings, governance, statutory records. Drafting & vetting agreements, policies, and compliance manuals.
Secretarial audit as per Companies Act & IRDAI norms. Ensuring good governance practices. Compliance certificate for board & regulatory authorities.
Statutory audits (Companies Act + IRDAI guidelines). Internal audits (fraud detection, underwriting practices, claims review). Revenue recognition & solvency margin verification. Certification of financial & regulatory returns.
Direct tax compliance (Income Tax). Indirect tax compliance (GST on insurance services). Transfer pricing advisory (for foreign reinsurer tie-ups). Structuring tax-efficient products & transactions.
Review of underwriting, claims, commission payout systems. Anti-Money Laundering (AML) & KYC compliance audits. Cybersecurity & data protection framework (as per IRDAI).
Due diligence for M&A of insurance companies/brokers. Business & license valuation. Structuring JVs with foreign insurers (within FDI limits).
Assistance in actuarial audits (with certified actuaries). Ensuring compliance with IFRS 17 / Ind AS 117. Support in preparing & certifying financial statements.
Independent audit of grievance redressal mechanisms. Certification of fair business practices. Advisory on improving policyholder service compliance.
Representation before IRDAI, MCA, SEBI, RBI. Advisory on new circulars, guidelines & compliance changes. Support during inspections & audits by regulators.