Insurtech has emerged as a game-changer in the Indian insurance landscape, leveraging technology to simplify processes, cut costs, and improve accessibility
Insurtech companies use digital platforms and mobile apps, creating a seamless interface for insurance transactions
Insurtech companies have disrupted the traditional one-size-fits-all insurance approach by leveraging big data and analytics
In recent years, India’s financial landscape has undergone a notable transformation driven by technological innovations, with Insurtech emerging as a key enabler of this evolution. This convergence of insurance and technology has been instrumental in enhancing financial inclusion by making insurance more accessible to a wider population.
For decades, insurance has been perceived as a complex and inaccessible financial product for many Indians. Factors such as limited awareness, shallow product depth, cumbersome paperwork, and rigid eligibility criteria have contributed to a substantial insurance gap in the country.