The Insurance Regulatory and Development Authority (Irda) has decided to make available samples of transaction level data on motor and health insurance on its website to facilitate research on non-life insurance.
Irda stated in a circular on Monday that it has been collecting data on motor and health from insurers and third-party administrators. Motor data was being collected in three structured tables.
It has placed on the website http://www.irdaindia.org/sampledata.htm.
In order to maintain the confidentiality and to protect the business interests of the data providers, some of the fields are masked in the data set.
The regulator, however, stated that it did not guarantee the accuracy, adequacy or completeness of any information and would not be responsible for errors, omissions in the data. 'Irda is not obliged to give any clarification on the sample data,' it added.