Karnataka Bank holds TPP conference, outlines FY27 strategy

Mangaluru: Karnataka Bank Ltd organised its third-party products (TPP) conference at its head office here on Saturday, bringing together senior leadership, regional teams and channel partners to outline the strategic roadmap for the financial year 2026–27.

Chairing the conference, Raghavendra S Bhat, managing director & CEO, highlighted the transformation the insurance industry has witnessed over the past decade. He stressed the need to capitalise on opportunities under TPP for fee-based income, while highlighting strengthened regulatory focus on customer protection, transparency and governance, the importance of ethical and need-based selling, and the growing role of technology adoption and data-driven decision-making.

Bhat reiterated the govt’s vision of ‘Insurance for all by 2047’ and emphasised stronger collaboration between banks and insurance partners to achieve this through greater accessibility, awareness and responsible distribution of insurance products.

The conference featured discussions on emerging industry trends and market opportunities, regulatory developments and compliance expectations, ethical and customer-centric selling practices, and the sharing of best practices and successful business models.

Other key focus areas included region-wise and product-specific growth strategies, product customisation, enhanced customer engagement, leveraging analytics and technology for business expansion, and strengthening collaboration between bank teams and insurance partners.

Senior officials representing PNB MetLife India Insurance Company Ltd., LIC of India, Bharti AXA Life Insurance Company Ltd., HDFC Life Insurance Co. Ltd., Bajaj Allianz Life Insurance Co. Ltd., Universal Sompo General Insurance Company Ltd., Bajaj Allianz General Insurance Company Ltd., and ICICI Lombard General Insurance Company Ltd. participated in the conference.