In a high-level closed-door meeting convened today in Delhi by IRDAI Chairman Ajay Seth, insurance industry CEOs received firm timelines and roadmaps for transformative regulatory initiatives. Exclusive sources reveal Bima Sugam the digital insurance marketplace is greenlit for rollout within six months, debuting with motor insurance products before expanding to health insurance, aiming to simplify consumer access and boost penetration. A major proposal tabled was the Public Insurance Registry (PIR), with global consultancy Kearney presenting a detailed implementation roadmap. PIR will establish a centralized data ecosystem to curb fraud, streamline compliance, and slash operational costs for insurers through real-time data sharing and analytics. The afternoon session zeroed in on persistent health insurance friction points, with insurers and hospital leaders hashing out solutions. Discussions spotlighted a common hospital empanelment framework to standardize listings and reduce disputes. IRDAI announced five specialized working groups covering wellness incentives, premium pricing models, and hospital grading protocols with mandates to deliver actionable reports within 2–6 months. This aggressive reform agenda signals IRDAI's intent to modernize India's $120 billion insurance sector amid rising claims pressures and digital expectations, potentially reshaping market dynamics by late 2026.