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Insurance Information Bureau of India (IIB) was promoted in year 2009 by IRDA, with the participation of stakeholders of the insurance sector, with the objective of supporting the insurance industry with sector-level data to enable data-based and scientific decision making including pricing and framing of business strategies. The Bureau is also expected to provide key inputs to the Regulator and the Government to assist them in policymaking. The Bureau has in its brief period of existence generated insightful reports, both periodic and one-time, for the benefit of the industry. It has also been providing background data to the IRDA for setting the third party motor premium rates.

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