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Delta Life to appoint US actuary firm to assess health Star Business Report Star Business Report
Delta Life Insurance is going to appoint a foreign actuary firm to get an independent assessment of the health of the insurer, which came into the spotlight for breaching rules and making bribery allegation against the head of the industry regulator.
After appointing an administrator in the company, the Insurance Development and Regulatory Authority (IDRA) ordered special audits into Delta Life Insurance to ascertain the authenticity of allegations from stakeholders.
The auditors earlier found that the company was in breach of several regulations and that further investigation was required.