India’s Insurance Sector Still Relies On Intermediaries, Agents For 80% Of Business: Report
Last Updated:May 24, 2026, 10:09 IST Praxis warns IRDAI that post EOM rule changes, commission driven competition is eroding underwriting discipline, keeping combined ratios above 100. 80% Intermediary Dependence Leaves Insurers Chasing Growth Through Commissions: Praxis India’s insurance regulator is growing increasingly concerned that aggressive commission-driven competition may be weakening underwriting discipline in the general…