Insurance Brokers

Insurance brokers can augment insurance penetration through grassroots engagement, simplified product dissemination, and capacity building of local intermediaries, Nagaraju said.

IRDAI's Satyajit Tripathy cautions on practices of insurance brokers to increase valuation

ripathy said that in the insurance broking space, there is a record level of activity in terms of mergers, acquisitions, and demergers in the distribution segment. “The regulator is witnessing increased activity in this area on a day-to-day basis,” he said.

PSU banks may have to sell rivals‘ insurance products

As per the RBI draft, the public sector banks will have to set up a separate department to sell insurance policies. The move may result in capping the group company‘s business at 25%.

Banks not keen to act as insurance brokers

The insurance industry was anyways not too hopeful of large private & public sector banks entering the insurance broking segment, now, it seems most banks are not keen.

Banks to Insurance Brokers: RBI issues draft guidelines

In order to enable banks to leverage their branch network for increasing insurance penetration, it has been decided to permit banks to undertake insurance broking business departmentally.

IRDA formulates new rules for banks to be insurance brokers

Insurance Regulatory Development Authority (IRDA) formulated new set of rules for banks to act as insurance brokers.

Brokers say Japan quake to hurt insurers' capital

Losses from the Japanese earthquake will reduce insurers' capital reserves, insurance brokers said on Tuesday, as sector shares continued their sharp declines on fears the disaster's size could grow.