Constitution of an Industry Specific–Insurance Sector Group,

Constitution of an Industry Specific–Insurance Sector Group, to prepare the Working Draft of the Accounting Standards for Insurance Sector

ANNOUNCEMENT

The President of the Institute has constituted an Industry Specific–Insurance Sector Group, to prepare the Working Draft of the Accounting Standards for Insurance Sector comprising of the following members:-

(1)         Shri S.N. Jayasimhan, Convenor

            Deputy Director (Investments), Insurance Regulatory & Development Authority (IRDA), Hyderabad

(2)        Shri Ramandeep Shani

            ICICI Prudential Life Insurance, Mumbai

(3)        CA. P.S. Prabhakar, Chartered Accountant

            Chennai

(4)        Shri V. Manikam

            Executive Director, Investment Monitoring & Accounting,

            Life Insurance Corporation of India, Mumbai

(5)       CA. V. Srinivasan,

           CFO Bharti Axa Life Insurance Co. Ltd., Mumbai

(6)       CA. V. Suryanarayanan, Chartered Accountant

           Chennai

(7)       CA. Rakesh Jain

           Head, Corporate Centre & CFO, ICICI Lombard General Insurance Co. Ltd., Mumbai

The said Group would submit the aforesaid Working Draft to the Accounting Standards Board at the earliest.

CA. Tapas Datta, Additional Director, and Dr. T. Paramasivan, Senior Deputy Director, will provide technical and other related support to the said Group.