From perestroika to glasnost: Efforts underway to make insurance inclusive

All efforts are on to make insurance inclusive and attract global investors. The second, and concluding, part of the column on 25 years of the insurance industry

A relatively placid pitch for batters (read insurance companies) has turned bouncy since Debasish Panda donned the role of curator in the stadium where they play.

A 1987 batch Uttar Pradesh cadre officer of the Indian Administrative Service, Panda has changed the rules of the game since becoming chairman of the Insurance Regulatory and Development Authority of India (IRDAI) in March 2022. A sector that was evolving gradually is now at an inflection point. If the first two decades were the industry's perestroika, this is its glasnost.

The Panda Express is moving at bullet train speed, but