Raheja QBE General Insurance — Distribution Mix

Raheja QBE General Insurance's new business was led by the Brokers channel at 94.4% of premium for Q1 FY26-27, as reported in IRDAI form NL-36.

combined ratio, Q1 FY26-27
121.7%
−3.8 pts
incurred claims ratio, Q1 FY26-27
68.0%
−30.2 pts
net commission ratio, Q1 FY26-27
24.2%
+13.7 pts
expense ratio to gross premium, Q1 FY26-27
38.6%
−22.5 pts
Total premium, Q1 FY26-27
₹5,746.46 lakh
+31.8%
Leading channel, Q1 FY26-27
Brokers
94.4% 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
Brokers17,790₹5,425.77 lakh (94.4%)6,986₹4,246.83 lakh (97.4%)
Agents/POSP654₹109.78 lakh (1.9%)468₹104.09 lakh (2.4%)
Agents/POSP channels (2)
ChannelPolicies, Q1 FY26-27Premium, Q1 FY26-27Policies, Q1 FY25-26Premium, Q1 FY25-26
Individual Agents14₹31.7 lakh45₹35.48 lakh
Point of Sales Person (Direct)640₹78.08 lakh423₹68.61 lakh
Direct Website123₹4.92 lakh (0.1%)93₹4.83 lakh (0.1%)
BanksNot disclosed₹0 lakh (0.0%)Not disclosed₹0 lakh (0.0%)
Direct non-website49₹204.07 lakh (3.6%)3₹0.22 lakh (0.0%)
Direct non-website channels (2)
ChannelPolicies, Q1 FY26-27Premium, Q1 FY26-27Policies, Q1 FY25-26Premium, Q1 FY25-26
Direct Business – Officers/Employees1₹0.04 lakh3₹0.22 lakh
Direct Business – Others48₹204.03 lakhNot disclosedNot disclosed
Corporate Agents18₹1.57 lakh (0.0%)Not disclosed₹0.44 lakh (0.0%)
Others2₹0.35 lakh (0.0%)1₹2.18 lakh (0.1%)
Others channels (7)
ChannelPolicies, Q1 FY26-27Premium, Q1 FY26-27Policies, Q1 FY25-26Premium, Q1 FY25-26
Micro Agents0Not disclosed0Not disclosed
Common Service Centres (CSC)0Not disclosed0Not disclosed
Insurance Marketing Firm0Not disclosed0Not disclosed
MISP (Direct)2₹0.17 lakh0₹2 lakh
Web Aggregators0₹0.18 lakh1₹0.18 lakh
Referral Arrangements0Not disclosed0Not disclosed
OtherNot disclosedNot disclosedNot disclosedNot disclosed
Total, India18,636₹5,746.46 lakh (100%)7,551₹4,358.59 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₹4,876.2 lakh17,759
Q3 FY25-26₹9,406.52 lakh38,374
Q4 FY25-26₹18,800.72 lakh20,166
Q1 FY26-27₹5,746.46 lakh18,636