24 Feb 2026 | 3 Mins Read
India demands more actuaries amid regulatory changes
Flipitmoney
India has fewer than one actuary per million people, with only 9,700 members in the Institute of Actuaries of India, versus 40 in the US and 250 in the UK. Ajay Seth, IRDAI chairman, flagged the shortage as India adopts risk-based capital and international standards, posing challenges to financial protection and social growth.