The Insurance Regulatory and Development Authority of India (IRDAI) is keeping a close check on the recent health insurance premium rise trends in the industry. IRDAI chairperson Debasish Panda said all parties, including health insurers and hospitals, need to address the growing costs. He was speaking in Mumbai at the CII Insurance and Pensions Summit on 22 October. Only concerted efforts can reduce the mounting medical treatment costs, he said.