India is the 2nd largest insurance-technology market in Asia-Pacific

India is the second-largest insurance technology market in Asia-Pacific and accounts for 35 per cent of the $3.66 billion insurtech-focused venture capital invested in the region, according to S&P Global Market Intelligence data. The data showed that at least 335 private insurtechs are operating in Asia-Pacific, with about 122 of them disclosing $3.66 billion in aggregate capital raised via private placement deals.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

China and India are collectively home to nearly half of private insurtech companies in the APAC region and attracted about 78 per cent of the investments. Insurance technology investors are attracted to India since it is one of the fastest-growing insurance markets in the world.

Find More Ranks and Reports Here