Insurtech

Key Takeaways An insurance premium is a periodical payment as the cost of being secured against financial loss. Premiums are paid monthly, quarterly, semi-annually or annually. A default in payment of premium results in cancellation of the policy. The amount of insurance premium may alter in the future depending upon the profitability factor of the […]

Key Takeaways Life insurance is the gross amount payable on the death of the insured or on completion of a term period. Term life insurance comes with a time period and whole life insurance is for the entire lifetime. Endowment plans have to pay the amount even if the insured person lives after the term.

Key Takeaways There have been some major investments and developments in the Indian insurance sector over the past year. Many companies are trying to leverage strategic partnerships to offer different services. The growing middle class and the young population is growing more and more aware of the need for insurance, which is also contributing to

Key Takeaways Insurance distribution refers to the channels through which different kinds of insurance policies are made available to customers who need it. It has been challenging for insurance companies to maintain sales volume during the pandemic. Insurance agents and brokers are reimagining and thinking of newer ways to build potential relationships with clients with

Key Takeaways In this article, we are looking to understand the effect of the last two years – 2019-2020 and 2020-2021 on the motor insurance industry in India.    Digital companies saw growth Commercial vehicles took a hit Start and stop policies rose. Impact of the pandemic on the motor insurance industry in India  

Key Takeaways Microinsurance is a type of insurance that offers customized policies for specific needs at affordable prices. It is designed to make insurance more accessible to everyone and cover specific risks. Similar to conventional insurance, it is available for numerous specific risks: health, term life, death, injury, livestock, disability etc. Ever wanted to insure

Key Takeaways Some of the factors that are influencing insurance distribution today are a) the resilience of intermediaries b) Rising customer expectations and c) elusiveness of building scale. The pandemic has accelerated the shift to the digital medium more than ever before. Agents who were used to in-person interactions are rapidly adapting to online tools

Key Takeaways In 2010, Berlin-based Friendsurance was among the first companies to embrace technology in the insurance space. In India, establishing PolicyBazaar was the beginning of the InsurTech revolution in 2008, though at that time it came under the FinTech industry as InsurTech as a separate industry was not established until the 2010s. Today, there

Key Takeaways InsurTech is here to change how we distribute and sell insurance to customers. products, and using deep tech to price and underwrite policies. It is the future of the insurance industry because it is going to make coverage more accessible, lower the costs for policyholders and expedite the insurance issuance process. With better