March 10, 2021
Subash Chandra Khuntia, Chairman, IRDAI×
Insurance firms should champion adoption of IFRS17 and actuaries should play a role here: Subash Chandra Khuntia India should aspire to have atleast 1,000-1,200 actuaries as quickly as possible given the huge requirement of such professionals in the country, IRDAI Chairman Subash Chandra Khuntia said on Wednesday.
“This is the minimum we should target because the present number of 458 is not adequate for a large country like India. Also, the addition in the number of actuaries between 2019 and 2020 is only 19, which is too small”, he said at a virtual Actuarial Conclave 2021 organised by the Institute of Actuaries of India (IAI).