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The Economic Times

Business

PB Fintech forced to rethink business plan as India insurance commissions cap comes as a major shocker

PB Fintech Insurance fintech India Yashish Dahiya The Insurance Regulatory and Development Authority of India IRDAI

A regulatory reset in insurance distribution could force one of India’s largest digital insurance platforms to rethink the pace and shape of its expansion, news agency Reuters reported on September 24.

PB Fintech expects the proposed caps on insurance commissions to have a severe impact on its non-life insurance business, potentially prompting tighter spending and slower hiring, co-founder and group CEO Yashish Dahiya told analysts on September 24.

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