DEEP RESEARCH · INCAR FINANCIAL SERVICE/INDEPENDENT GA
[Incar Financial Service] Entry
An entry memo based on higher new-contract demand from insurers after IFRS17 and the expanding role of independent GAs
0. Bottom line first
I am entering Incar Financial Service. The core reasons are that the start of IFRS17 has increased insurers' demand for new contracts, independent GAs are therefore playing a larger role, and the insurance industry appears to be growing structurally.
This is not a buy or sell recommendation. This post is a brief memo recording the entry decision.
1. Entry logic
Official fact: The original post explicitly says, “I am entering,” and gives the increase in insurers' demand for new contracts after the start of IFRS17 as the first reason.
Interpretation: After IFRS17, securing profitable new contracts becomes more important for insurers, and independent GAs may become more important as sales channels in that process.
2. Linked reference post
Official fact: The original post also links a shared neighbor blog post. The linked post's summary says independent GAs seem to be gaining momentum, so the author is watching them during the market decline.
[Shared] [Incar Financial Service] Neighbor blog share
IFRS17
The author views it as a structural change that increases insurers' demand for new contracts.
Independent GA
The view is that independent GAs may play a larger role in securing new contracts.
Entry into Incar Financial Service
This memo records an entry decision based on structural growth in insurance.