Inc42 | 13 January 2023
Insurtech is set to emerge as one of the scene stealers in 2023. Players are sanguine about the prospects in the New Year. Some of them expressed the firm view that insurtech space could come up really big in the not-so-distant future – at par with the country’s fintech sector.
Customer awareness, particularly about healthcare products in the aftermath of the pandemic, has accelerated the growth of insurtech. Insurance is experiencing what banking and retail experienced a few years ago — an influx of capital, encouraged by massive digital transformation. The style of functioning of banking and retail has since then changed forever.