Regulators and the government should work together in developing a comprehensive and consistent framework to identify, assess and monitor systemic climatic financial risk and adaptation measures, IRDAI Chairman Ajay Seth said on Friday.

Speaking at the 10th edition of the corporate governance summit, “Gatekeepers of Governance”, here, the insurance regulator chief also said draft strategy on the financial sector-specific cyber security is expected to be with IRDAI by the early part of 2026.

Interlinked financial sector challenges

The prime example of emerging challenges of the interlinked financial sector could be found in the efforts of public authorities in formulating coordinated strategies on strengthening cyber security in the financial sector and climate risk resilience, he

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