As India’s insurance sector is expected to reach a market size of $280 billion by 2020, a tremendous InsurTech opportunity is waiting to be realized. With a conducive regulatory environment, with the entry of new FinTech and InsurTech players with innovative business models, and with the incumbents embracing technology to develop a unique set of differentiated offerings, India’s InsurTech sector is definitely on a course of transformation in both life and non-life insurance space.
