MEDICI Launches India InsurTech Report 2020

MEDICI's new India InsurTech Report 2020 explores the InsurTech sector in India. The report delves into what drives transformation in the sector, regulatory initiatives, funding & investment activity, prominent players, and business models. End Quote

New York, NY (1888PressRelease) October 17, 2020 - MEDICI released its new report on ‘India InsurTech Report 2020’ on October 16, 2020. In this research report, MEDICI explores the fast-evolving InsurTech sector in India in detail. InsurTech has a catalytic role to play in plugging the protection gap in India across consumers and businesses. We look at what drives transformation in the sector, the fillip provided by the regulator, funding & investment activity in the last three years, prominent players, and interesting & evolving business models.

Key Highlights

- Driving Factors: Regulatory and market initiatives, ecosystem partnerships, and leveraging the power of digital distribution networks.
- Funding and Investor Activity: Detailed sectoral funding analysis from 2018 till September 2020 (segment-wise and stage-wise).
- InsurTech Landscape: Dissected by segments—aggregators, infrastructure & tech, providers, and other specialized companies; prominent companies profiled.
- Expert Opinions and Industry Viewpoints: From Bajaj Allianz Life Insurance, Nexus Venture Partners, Ola Insurance, Acko Insurance, Turtlemint, Riskcovry, and Finsall.
- Emerging Business Models and Innovation: Insurance-as-a-service, bite-sized insurance, the exploding microinsurance segment, and several interesting innovations coming out of the IRDA sandbox.

The insurance gap in India is one of the highest in the world. Despite India taking rapid strides in digital payments and inclusion, there are multiple barriers to insurance adoption. Products are not designed for mass acceptance, digital enablement of purchase & claim experiences are still low, and premiums are not affordable to many sections of the society. InsurTech has a significant role to play in changing this picture.

‘India InsurTech Report 2020’ will be available starting October 16, 2020, for USD 250. For more information on the report, visit https://gomedici.com/IIR2020.

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