Third-Party Risk Management
Third-Party Risk Management (TPRM) is the process of identifying, assessing, and managing the risks associated with an organization’s third-party relationships. The goal is to ensure third-party relationships don’t expose it to unnecessary risk, and are identified and mitigated.
IRDAI
IRDAI (Insurance Regulatory and Development Authority of India) is the primary regulator of the insurance industry in India, responsible for setting standards, regulating conduct, and monitoring solvency to ensure policyholder protection and market stability.
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