China cut bancassurance commissions 30%: Could India see a similar insurance reset?
Indian markets moved lower.
· Business Today Mkts
China’s 2023 bancassurance overhaul cut commissions by around 30%, initially slowing sales. India’s proposed reset could similarly pressure bancassurance as banks and insurers renegotiate distribution economics.
The analysis
This is a Capacity / capex event. Capacity added into a soft cycle compresses returns for the whole sector; added into a tight one it is the cheapest growth available. The cycle position matters more than the announcement.
Market context
- Sector exposure: Banks.
In this story
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