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Economic Times | October 10th, 2023

BFSI leaders on 'The Power of Collaboration'

‘The Power of Collaboration’ panel was a confluence of leading minds in the BFSI industry, discussing the role of InsurTechs in the growth trajectory of the Bancassurance model. The Bancassurance channel demonstrated substantial growth with an aggregate premium of ₹41,096.00 crores in the fiscal year of 2020-21. This figure witnessed a notable increase, reaching ₹51,188 crores in the subsequent year 2021-22, reflecting a remarkable YoY growth of 24.5%. It was the frequent adoption of digital channels and platforms that enabled InsurTechs to play the catalyst in this digital revolution.

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