Life insurers need derivatives to hedge risks, says IRDA chairman
The chairman of India's insurance regulator has indicated that it may relax the ban on life insurance companies investing in derivatives, in a speech at the 14th Global Conference of Actuaries in Mumbai.
According to business daily The Hindu, IRDA chaiman J. Hari Narayan said there was a shortage of assets to match the guarantees embedded in insurers' liabilities, meaning that they need derivatives
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