India, Sept. 2 -- Regulator IRDAI on Tuesday proposed a public insurance registry (PIR), envisaged as a digital public infrastructure, for promoting affordability and financial sustainability.

The proposed infrastructure is intended to enable technology, governance and market participation to work together towards wider and deeper financial resilience. The Insurance Regulatory and Development Authority of India (IRDAI) has released a consultation paper in this regard.

The proposed PIR represents a significant step towards building a more connected, transparent, efficient and resilient insurance ecosystem, with trusted information serving as a foundation for better protection, innovation and public value, the regulator said. The PIR, it ...