IRDAI Commission Caps To Hit Insurtech Firms

Economic Times - Tech · technology

The Insurance Regulatory and Development Authority of India (IRDAI) has proposed commission caps that could significantly impact insurtech firms like PB Fintech, Turtlemint, and InsuranceDekho. Banks and NBFCs distributing insurance are also expected to face reduced earnings. Shares of affected companies, including PB Fintech, tumbled following the announcement. Cofounder Yashish Dahiya stated the proposals are extreme and may force companies into manufacturing rather than just distribution.