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Aggressive intermediary-led competition hurting general insurers’ profitability: report
Aggressive intermediary-led competition is hurting profitability across the general insurance sector, said consulting firm Praxis Global Alliance in a report reiterating insurance regulator IRDAI’s growing concerns over rising commissions and weakening underwriting discipline by general insurance companies.
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timesofindia.indiatimes.com
Distributors calling the shots in non-life pushes up costs for insurers and buyers: report
NEW DELHI: Non-life insurance has become a distribution game with intermediaries making most of the money even as insurers suffer underwriting losses and customers pay high…
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thehindu.com
Aggressive intermediary-led competition hurting general insurers’ profitability: report
Aggressive intermediary-led competition is hurting profitability across the general insurance sector, said consulting firm Praxis Global Alliance in a report reiterating insurance…
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thehindubusinessline.com
Intermediary commissions take toll on insurance cos profit: Praxis study
India’s top insurers run combined ratios of 110–113%, spending more than they earn on every policy while their global D2C counterparts operate profitably at 84–89%