Insurance Brokers Association raises concerns over IRDAI distribution reforms

The Insurance Brokers Association of India (IBAI) has raised concerns regarding the Insurance Regulatory and Development Authority of India's (IRDAI) proposed reforms to the insurance distribution framework.

The association has flagged potential issues with the regulator's distribution model changes, though specific details of the proposed reforms were not elaborated in available sources.

The development reflects ongoing dialogue between industry bodies and the insurance regulator on regulatory matters affecting brokers and distribution channels.