The bancassurance market in India is experiencing substantial growth, projected to reach USD 180.1 billion by 2033 with a CAGR of 5.85% between 2025 and 2033. This growth is fueled by increased insurance penetration, government support, and advancements in Insurtech. Bancassurance is today a natural complement to a bank’s core activities, and with the help of technology and AI, insurers and insurtechs can effectively cater to customer needs. Bancassurance’s prowess has benefi

Traditionally, underwriting is performed during policy issuance or renewal. Based on a customer’s risk profile and historical data, the...

There is no denial of the fact that Insurtech companies play a very important role in the development of the insurance sector in India....