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INSURANCE INDUSTRY DEVELOPMENT
IRDAI proposes sweeping changes to insurance distribution: Commissions, costs, mis-selling rulesThe customer-centric proposals aim to increase transparency, cut distribution costs and reduce insurer expenses.- Big insurers, bigger advantage? Smaller players flag Irdai’s new expense capsSmaller life and general insurers worry that proposed distribution reforms might benefit larger insurers disproportionately. The changes in...
- India insurance growth to hinge on AI-led distribution, ecosystem partnerships: McKinseyThe insurance sector in India is expected to grow through AI-led distribution and ecosystem partnerships. Insurers are reassessing traditio...
- Cashless health insurance claims: What policyholders can do when hospitals and insurers clash over bills, approvals, and deductionsInflated bills, delayed approvals, arbitrary deductions. As hospitals and insurers trade charges, policyholders are left footing the bill. ...
- a16z’s Raghuram isn't writing off India AI yet; insurers weigh new rulesHappy Monday! a16z’s Raghu Raghuram said India can build frontier AI companies by using its talent. This and more in today’s ETtech Morning...
- Insurance mis-selling is arising because upfront commissions are too high: IRDAI chairman Ajay SethIRDAI chairman Ajay Seth said insurers should pass savings from lower commissions and operating costs to policyholders through lower premiu...
- Insurance mis-selling is arising because upfront commissions are too high: Ajay Seth, Chairman, IRDAIThe benefit of cost efficiency should be passed on to customers. This entire exercise is intended to ensure that the public and policyholde...
- India’s FDI equity inflows rise 6% to $19.8 billion in Q1FY27; Japan tops, US plunges 76%India’s FDI equity inflows rose 6% to $19.81 billion in April-June FY27, led by Japan at $5.7 billion, while US inflows fell 76% to $1.34 b...
- Govt’s frontier AI push; Insurance stock rout continuesThe government is weighing an anchor investment for a frontier AI development fund. This and more in today’s ETtech Top 5.
- Lord’s Mark advances AI breast cancer screening towards clinical trialsIn a groundbreaking collaboration with C-MET, Lord's Mark Industries Limited is making strides in breast cancer screening technology. Utili...
- Insurance commission revamp to push insurtech firms to the brinkThe regulator has proposed lower commission limits for distributors that sell products from several insurers, with sharp cuts across health...
- IRDAI's commission reset impact; ETSA winner Progcap’s next betHappy Friday! IRDAI's overhaul plan could significantly impact the new-age insurance distribution industry. This and more in today’s ETtech...
- Irdai commission curbs spark sharp selloff in insurers, banks and NBFCsShares of insurers, banks, and non-banking finance companies dropped sharply following proposed commission caps by Irdai. The proposals rai...
- PB Fintech forced to rethink business plan as India insurance commissions cap comes as a major shockerProposed commission caps from the Insurance Regulatory and Development Authority of India could severely impact PB Fintech's revenue. The c...
- Tighter mis-selling rules, easier insurance buying and more: 4 prominent changes proposed by IRDAI that could affect policyholders the mostThe IRDAI has proposed transformative reforms to enhance insurance distribution in India, focusing on affordability and transparency. Key c...
- Irdai proposes big changes to insurance commissions; companies, agents may feel the pinchIrdai has proposed an overhaul of the commission payment structure for insurance distributors across various products. This new framework a...
- Irdai proposes ban on insurance website ‘dark patterns’, seeks lower distribution costsIrdai proposes prohibiting dark patterns on insurance websites that require personal details to access information. The reforms aim to impr...
- ET Business Growth Summit Chennai: Innovation and R&D key to unlocking MSME potentialThe ET Business Growth Summit in Chennai saw industry leaders emphasising stronger collaboration among businesses, policymakers, and instit...
- RBI weighs Anup Bagchi for HDFC top job; seeks feedback from Irda, ICICI Bank on his candidature due to 3-year gap from mainstream bankingThe Reserve Bank of India is actively seeking opinions on the possible appointment of Anup Bagchi as CEO of HDFC Bank. Currently with ICICI...
- Gujarat floods trigger thousands of crores in insurance claims, prompting rate hikes for industrial risksGujarat floods have triggered substantial insurance claims, prompting a review of pricing. Insurers are now pushing for more disciplined pr...
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