
IRDAI mandates insurers to tie executive pay to customer satisfaction and financial performance, enhancing governance and transparency.

IRDAI mandates insurers to tie executive pay to customer satisfaction and financial performance, enhancing governance and transparency.
IRDAI, the insurance oversight body, is championing a revolutionary change by connecting CEO salaries to the happiness of customers, moving beyond traditional profit-centric models. This shift will likely introduce new guidelines governing executive pay and i…