Zuno General Insurance — Distribution Mix

Zuno General Insurance's new business was led by the Brokers channel at 86.9% of premium for Q1 FY26-27, as reported in IRDAI form NL-36.

combined ratio, Q1 FY26-27
115.0%
−15.0 pts
incurred claims ratio, Q1 FY26-27
81.0%
−5.0 pts
net commission ratio, Q1 FY26-27
10.0%
−2.0 pts
expense ratio to gross premium, Q1 FY26-27
31.0%
−7.0 pts
Total premium, Q1 FY26-27
₹39,668 lakh
+58.0%
Leading channel, Q1 FY26-27
Brokers
86.9% 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
Brokers2,21,205₹34,463 lakh (86.9%)1,26,582₹20,360.6 lakh (81.1%)
Agents/POSP12,197₹1,404 lakh (3.5%)8,568₹1,135.87 lakh (4.5%)
Agents/POSP channels (2)
ChannelPolicies, Q1 FY26-27Premium, Q1 FY26-27Policies, Q1 FY25-26Premium, Q1 FY25-26
Individual Agents2,652₹339 lakh1,592₹201.25 lakh
Point of Sales Person (Direct)9,545₹1,065 lakh6,976₹934.62 lakh
Direct WebsiteNot disclosed₹0 lakh (0.0%)Not disclosed₹0 lakh (0.0%)
Banks3₹-2 lakh (-0.0%)1₹0.06 lakh (0.0%)
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 Agents4,637₹3,306 lakh (8.3%)3,646₹2,638.18 lakh (10.5%)
Others2,412₹497 lakh (1.3%)3,999₹971.54 lakh (3.9%)
Others channels (7)
ChannelPolicies, Q1 FY26-27Premium, Q1 FY26-27Policies, Q1 FY25-26Premium, Q1 FY25-26
Micro Agents0₹0 lakhNot disclosedNot disclosed
Common Service Centres (CSC)0₹0 lakhNot disclosedNot disclosed
Insurance Marketing Firm416₹64 lakh157₹14 lakh
MISP (Direct)1,970₹431 lakh3,820₹968.13 lakh
Web Aggregators26₹2 lakh22₹-10.59 lakh
Referral Arrangements0₹0 lakhNot disclosedNot disclosed
Other0₹0 lakhNot disclosedNot disclosed
Total, India2,40,454₹39,668 lakh (100%)1,42,796₹25,106.25 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₹24,670.75 lakh1,71,565
Q3 FY25-26₹34,844 lakh2,53,112
Q4 FY25-26₹35,149 lakh3,01,575
Q1 FY26-27₹39,668 lakh2,40,454