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Insurtech

IRDAI Commission Caps Trigger $3.6B Insurtech Sell-Off

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IRDAI Commission Caps Trigger $3.6B Insurtech Sell-Off

Insurtech stocks including PB Fintech and Turtlemint crashed this week following IRDAI's proposed commission restructuring, wiping $3.6B from combined market cap. Builders in insurance distribution should model revenue impact immediately—PB Fintech's core online insurance revenue faces a potential 30% hit if changes are implemented.

Source: Inc42 ↗

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