The Insurance Regulatory Authority of India (Irdai) has formed a task force to assess how the Digital Personal Data Protection Act, 2023, will impact the insurance industry, according to a circular issued by Irdai on November 24. In a communication regarding the establishment of the task force, the regulator mentioned that the Act's provisions would also affect the insurance sector overall. The task force will include leaders from prominent life and general insurance companies, such as the chairman of LIC, the CEO of HDFC Life, the CEO of ICICI Lombard General Insurance, and the CMD of General Insurance Corporation. Officials from the Irdai and a legal expert from a leading law firm will also be members.