InsurTech landscape is quite nascent in India. This mainly comprises of Digital Platforms offering Complete Policy Buying & Management known as the Aggregators. The current InsurTech penetration is quite low, i.e., 2.76% in life insurance and 0.93% in non-life insurance compared to the global average of 6.5%. Lack of customer trust remains the key hurdle facing the InsurTech segment, and so far, industry players have found it as a hard nut to crack.
Digital Insurance Aggregators These are the aggregator platform that enables customers to compare and buy insurance products of both new-age online insurers and traditional insurance companies. There has been a significant uptick in the number of aggregators since