Insurtech funding in India has more than doubled found in the last two years, from $290 million 2020 to $800 million in 2021 line with rapid funding in the insurtech sector globally, according to a written report by Boston Consulting Group (BCG) & India Insurtech Association (IIA).
There has been strong momentum in funding in Insurtech across the globe as global financing in insurtech has grown seven times in the last five years from $2.5 billion.
Also, there has been a steady rise in no of insurtech unicorns with over 20 Unicorns in 2021, 14 in the US, 4 in the united kingdom, 2 each in India (Acko & Digit Insurance ) & France, one each individual in Austria, Israel & Mexico, said the report titled “The India Insurtech Landscape and Trends Report”.
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