ANNOUNCEMENT
 
The President of the Institute has constituted an Industry SpecificInsurance Sector Group, to prepare the Working Draft of the Accounting Standards for Insurance Sector comprising of the following members:-

(1)Shri S.N. Jayasimhan, Convenor
   Deputy Director (Investments), Insurance Regulatory & Development Authority (IRDA), Hyderabad

(2)Shri Ramandeep Shani
   ICICI Prudential Life Insurance, Mumbai

(3)CA. P.S. Prabhakar, Chartered Accountant
    Chennai
(4) Shri V. Manikam
    Executive Director, Investment Monitoring & Accounting,
    Life Insurance Corporation of India, Mumbai

(5) CA. V. Srinivasan,
    CFO Bharti Axa Life Insurance Co. Ltd., Mumbai

(6) CA. V. Suryanarayanan, Chartered Accountant
    Chennai

(7) CA. Rakesh Jain
    Head, Corporate Centre & CFO, ICICI Lombard General Insurance Co. Ltd., Mumbai

The said Group would submit the aforesaid Working Draft to the Accounting Standards Board at the earliest.

CA. Tapas Datta, Additional Director, and Dr. T. Paramasivan, Senior Deputy Director, will provide technical and other related support to the said Group.