Generali Central Insurance (formerly Future Generali) — Distribution Mix

Generali Central Insurance's new business was led by the Brokers channel at 66.7% of premium for Q1 FY26-27, as reported in IRDAI form NL-36.

combined ratio, Q1 FY26-27
127.9%
+13.9 pts
incurred claims ratio, Q1 FY26-27
90.1%
+12.1 pts
net commission ratio, Q1 FY26-27
21.2%
+3.2 pts
expense ratio to gross premium, Q1 FY26-27
29.5%
−1.5 pts
Total premium, Q1 FY26-27
₹1,06,064 lakh
−10.1%
Leading channel, Q1 FY26-27
Brokers
66.7% of premium

Channel mix — quarter ended Q1 FY26-27 vs. Q1 FY25-26 (year ago)

Channel groupPolicies, Q1 FY26-27Premium, Q1 FY26-27Policies, Q1 FY25-26Premium, Q1 FY25-26
Brokers2,04,212₹70,748 lakh (66.7%)1,95,706₹86,728 lakh (73.5%)
Agents/POSP1,22,055₹21,963 lakh (20.7%)1,40,637₹22,634 lakh (19.2%)
Agents/POSP channels (2)
ChannelPolicies, Q1 FY26-27Premium, Q1 FY26-27Policies, Q1 FY25-26Premium, Q1 FY25-26
Individual Agents82,090₹16,592 lakh88,475₹16,195 lakh
Point of Sales Person (Direct)39,965₹5,371 lakh52,162₹6,439 lakh
Direct WebsiteNot disclosed₹0 lakh (0.0%)Not disclosed₹0 lakh (0.0%)
Banks1,88,536₹8,421 lakh (7.9%)1,70,543₹5,371 lakh (4.6%)
Direct non-websiteNot disclosed₹0 lakh (0.0%)Not disclosed₹0 lakh (0.0%)
Direct non-website channels (2)
ChannelPolicies, Q1 FY26-27Premium, Q1 FY26-27Policies, Q1 FY25-26Premium, Q1 FY25-26
Direct Business – Officers/EmployeesNot disclosedNot disclosedNot disclosedNot disclosed
Direct Business – OthersNot disclosedNot disclosedNot disclosedNot disclosed
Corporate Agents24,555₹3,454 lakh (3.3%)17,601₹1,881 lakh (1.6%)
Others13,602₹1,478 lakh (1.4%)9,215₹1,369 lakh (1.2%)
Others channels (7)
ChannelPolicies, Q1 FY26-27Premium, Q1 FY26-27Policies, Q1 FY25-26Premium, Q1 FY25-26
Micro Agents5₹0 lakh2₹4 lakh
Common Service Centres (CSC)Not disclosedNot disclosedNot disclosedNot disclosed
Insurance Marketing Firm10,969₹892 lakh6,325₹690 lakh
MISP (Direct)2,511₹571 lakh2,843₹670 lakh
Web Aggregators117₹15 lakh45₹5 lakh
Referral ArrangementsNot disclosedNot disclosedNot disclosedNot disclosed
OtherNot disclosedNot disclosedNot disclosedNot disclosed
Total, India5,52,960₹1,06,064 lakh (100%)5,33,702₹1,17,983 lakh (100%)

Per IRDAI Form NL-36 (Business Channels Wise), "For the Quarter" column. Channels are grouped into ARGO's own 7-way classification (Brokers, Agents/POSP, Direct Website, Banks, Direct non-website, Corporate Agents, Others) — click a group with more than one channel to see its own breakdown. "Total, India" sums the 15 channels extracted here and excludes "Business outside India," a separate geography line on the same form. Some insurers report "Direct Business"'s sub-channels (Officers/Employees, Online, Others) as one combined figure rather than a real breakdown — shown as "Not disclosed" for those rows rather than guessed.

Total premium by quarter, trend

PeriodTotal, India premiumPolicies
Q2 FY25-26₹1,31,316 lakh6,57,019
Q3 FY25-26₹1,27,132 lakh7,07,007
Q4 FY25-26₹1,20,294 lakh6,73,707
Q1 FY26-27₹1,06,064 lakh5,52,960