Direct customer ownership remains weak in insurance sector: Praxis report
Kolkata, May 23, 2026 : India’s general insurance industry may be prioritising growth over customer ownership and underwriting discipline, with rising dependence on intermediaries putting long-term profitability under pressure, according to a report by consulting firm Praxis Global Alliance. The report comes days after IRDAI Chairman Ajay Seth raised concerns around the sector’s high-cost structure…