Insurance commission revamp to push insurtech firms to the brink

T1Covered by 1 source · first reported by Economic Times — Tech / Technology / Startups / ETTelecom at 25 Sept, 00:30 UTC

The regulator has proposed lower commission limits for distributors that sell products from several insurers, with sharp cuts across health, term and motor insurance. Shares of PB Fintech fell 36% on Thursday to Rs 1,210 on the BSE, while Turtlemint stock was down 20% at Rs 109.10 to hit its daily…