Internal Auditor

Regulatory Compliance:

Review adherence to the Insurance Regulatory and Development Authority of India (IRDAI)

regulations, including licensing requirements, solvency margins, and disclosure norms.

Ensure compliance with tax regulations related to insurance services, including GST.

Risk Management:

Assess the effectiveness of risk management policies and procedures, including risk

identification, assessment, and mitigation strategies.

Review insurance coverage to manage risks associated with claims and liabilities.

Underwriting and Claims Management:

Evaluate underwriting processes to ensure they comply with industry standards and regulatory

guidelines.

Review claims management procedures for accuracy, timeliness, and fairness.

Financial Controls:

Examine financial reporting processes to ensure accuracy and completeness of financial

statements.

Verify the segregation of duties in financial transactions to prevent fraud.