Power shifts from brokers to insurers as IRDAI tightens commission rules, says Motilal Oswal's Nitin Aggarwal

Nitin Aggarwal, Head of BFSI Institutional Equities at Motilal Oswal Financial Services, says India's proposed insurance distribution rules will move bargaining power away from brokers, agents and distributors and toward insurers themselves. "The balance of power shifts a bit towards the insurers…