<h1>IRDA Introduces Uniform ALM Reporting Framework for Insurers; Requires Board-Approved Policies on Risk and Solvency.</h1> The Insurance Regulatory and Development Authority (IRDA) has introduced a uniform framework for reporting asset liability management (ALM) policies for life and non-life insurance companies. This framework requires each insurer to have a Board-approved ALM policy that addresses asset liability relationships, risk tolerance, risk and return requirements, solvency, and liquidity needs. The details of this framework are outlined in IRDA circulars issued on January 3, 2012. This announcement was made by a government official in response to a question in the Lok Sabha.