The Indian insurance sector is rapidly evolving, driven by significant regulatory changes and technological advancements. With the country’s insurance market expected to triple in size by 2032, there is substantial opportunity for innovation.
InsurTech startups are leveraging digital public infrastructure, AI, IoT, and data analytics to enhance underwriting, claims management, and customer engagement. Despite the industry’s current reliance on offline channels, digital adoption is growing. The focus is shifting towards hyper-personalization, risk prevention, and improving the overall customer experience, making India an attractive landscape for InsurTech ventures.
At Blume, we believe there will be a significant shift in the insurance experience in India. In this report, we dive deep into the Indian insurance sector and explore areas where we believe the largest opportunities exist.
Check the full report here.
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