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USAID to provide $10 m for Indian insurance sector

New Delhi June 12. The United States Agency for International Development (USAID) will provide a $ 10 million technical aid for development of Indian insurance sector over the next four years.

Bearing Point, formerly known as KPMG Consulting, was awarded the contract on May 27, 2003 to implement the programme of technical assistance along with Insurance Regulatory and Development Authority (IRDA) of India, a U.S. Embassy statement said.

Bearing Point has set up a project office in Hyderabad to maximise its interaction with the IRDA, which is also based there. — PTI

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