Indian Insurance Overhaul Faces Pushback
India's plan to cap insurance commissions and expenses faces strong pushback from brokers and auto dealers. Industry groups warn the proposed rules threaten livelihoods and could disrupt distribution models across the market.
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Xurve View
India's proposed insurance sales overhaul faces fierce pushback from brokers and auto dealers, threatening distribution models across the world's 10th largest insurance market. The regulatory changes aim to cap commissions and expense limits to reduce mis-selling and lower policy costs. Investors have reacted sharply, driving down shares of listed distributors since the framework's release in late September.
