Nithin Kamath's regulatory risk warning: What IRDAI's insurance commission draft means for broking and fintech

Nithin Kamath warns of regulatory risk after IRDAI proposes sweeping changes to insurance commissions and distribution.

IRDAI's draft proposes product-specific commission caps, reduced Expenses of Management limits, and zero commission for certain policies.

Kamath's argument applies to broking, where several revenue streams remain exposed to regulatory changes, including retail F&O trading and client float.

IRDAI's proposals could affect businesses across insurance distribution and related financial services, with a focus on regulatory risk.