• IRDAI distribution overhaul: The regulator's consultation paper seeks to reduce costs and restore sector efficiency to levels seen 5–6 years ago, addressing distributor post-tax profits reaching 44% of revenue and commission rates escalating to as high as 38%.
• Insurer shock reaction: Insurance executives acknowledged significant disruption from the draft distribution regulations, with shock ratings ranging from 8 out of 10 to a 10 out of 10 for the paper's data-backed, customer-centric principles.
• PB Fintech sell-off: PB Fintech shares dropped to a new 52-week low, falling more than 50% over six trading sessions and around 44% over the month following the regulatory proposals.