Insurance distribution costs reset after 100% FDI
In short
Insurance distribution costs are being reset after 100% foreign direct investment.
The report says general insurers may move from a gross written premium benchmark to domestic GDPI, with the ceiling trending toward 20% in five years from 32.1% now. It does not say when the change starts or whether it is already official.
What the reporting says
Distribution costs in insurance were said to reset after 100% FDI, with general insurers expected to see the benchmark shift from gross written premium to domestic GDPI. The report says the ceiling is trending toward 20% within five years, compared with 32.1% now. The available summary does not state when the change takes effect or whether any rule has already been notified.
Why it matters
The report says insurance distribution costs are being reset after 100% FDI, with general insurers shifting from gross written premium to domestic GDPI as the benchmark. It adds that the ceiling could trend toward 20% within five years from 32.1% now. The summary does not say who approved the change or when it becomes effective.