Regulation IRDA is the regulator forthe insurance industry in India. The insurance sector in India has come a full circle from being an open competitive market to nationalization and back to a liberalized market place yet again. Tracing the developments from the Indian insurance sector reveals the 360 degree turn witnessed in excess of a time period of more or less two hundreds of years.Insurance sector reforms In 1993 Malhotra Committee headed by previous Finance Secretary and RBI Governor R....