Insurance web aggregator compliance requires secure data systems, annual audits, controlled domains, transparent identity, and verifier-linked policy sales. Insurance Web Aggregators must maintain secure, India-hosted information systems, encrypt transmission of leads and data, and use approved payment ... Summary
International Financial Services Centres Authority (Insurance Web Aggregator) Regulations, 2022
Insurance web aggregator compliance requires secure data systems, annual audits, controlled domains, transparent identity, and verifier-linked policy sales.
Insurance Web Aggregators must maintain secure, India-hosted information systems, encrypt transmission of leads and data, and use approved payment gateways where authorised to collect premiums. Their systems must undergo annual information-security audits, followed by submission of audit reports and annual compliance certificates. IWAs must restrict displayed products to contracted insurers, tag policies to Authorized Verifiers for sales and complaint tracking, and comply with controls on websites, domain names, corporate nomenclature, and regulatory disclosures.
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