Rise in the insurance sector will be marked by a favorable demography, penetration opportunities, relevant technology, financial inclusion and rising financial literacy.
Riding on the digital wave, insurers will harness the power of technology, social media tools, new e-payment models and distribution channels
Three definitive steps for the development and growth of this industry: One, relaxation of investment restriction; two, a level playing field in tax treatment; and, no service tax upon maturity.
The traditional insurance model was largely product-centric and channel marketing-driven. The new age model will turn this on its head with the customer at the center and a suite of digital technologies, services and ecosystems to tap the customer....
It is important for FinTech companies / startups to understand the regulatory landscape better.
The average investment per round in a start-up is higher globally, but the difference is not very large. A major concern would be the low proportion of start-ups that get funded in India.