“Insurance Reinvented: India’s Top 15 InsurTech Startups Driving Transformation”

InsurTech startups in India are focused on addressing various pain points in the insurance sector, including complex and time-consuming processes, lack of transparency, limited product options, and difficulties in customer engagement. By leveraging technology, these startups aim to simplify insurance operations, improve customer experience, and promote financial inclusion by reaching underserved segments of the population.

These InsurTech startups offer a wide range of innovative solutions across different insurance domains, including health insurance, motor insurance, life insurance, travel insurance, and more. They provide online platforms and mobile applications that enable users to compare policies, purchase insurance plans, file claims, and access personalized recommendations based on their unique requirements.

“Insurance Reinvented: India’s Top 15 InsurTech Startups Driving Transformation”

Agara Labs

Founder: Arjun Maheswaran, Abhimanyu Saxena

CEO: Abhimanyu Saxena

Year: 2017

Impact: Agara Labs is an artificial intelligence (AI) company that provides conversational AI solutions for customer service and support. While not solely focused on insurance, their technology can be applied in various industries, including insurance, to improve customer interactions and support processes.

InsureFirst

Founder: Varun Dua

CEO: Varun Dua

Year: 2017

Impact: InsureFirst is an InsurTech company that offers insurance products and services. They provide personalized insurance solutions and focus on simplifying the insurance buying process for customers.

ClaimGenius

Founder: Sasidhar V. Chavali

CEO: Sasidhar V. Chavali

Year: 2016

Impact: ClaimGenius is an InsurTech company specializing in artificial intelligence and computer vision. They provide solutions for automated vehicle damage assessments and claims processing, streamlining the claims management process for insurers.

HDFC ERGO

Founder: HDFC Ltd., ERGO International AG

CEO: Ritesh Kumar

Year: 2002

Impact: HDFC ERGO is one of the leading general insurance companies in India. They offer a wide range of insurance products, including motor insurance, health insurance, travel insurance, and more. With a focus on customer-centric solutions, they leverage technology to enhance the insurance experience.

Raheja QBE

Founder: Praveen Gupta

CEO: Pankaj Arora

Year: 2008

Impact: Raheja QBE is a general insurance company providing a range of insurance products, including motor insurance, health insurance, home insurance, and more. They strive to offer innovative and customer-friendly insurance solutions.

Toffee Insurance

Founder: Nishant Jain, Rohan Kumar, Harshid Pandya, and Pradeep Prasad

CEO: Nishant Jain

Year: 2017

Impact: Toffee Insurance is an InsurTech startup that offers bite-sized insurance policies for everyday risks. They focus on providing affordable and accessible insurance coverage tailored to the needs of millennials and the digital-savvy population.

Plum

Founder: Abhishek Poddar, Saurabh Arora

CEO: Abhishek Poddar

Year: 2019

Impact: Plum is an InsurTech startup that offers group health insurance solutions for small and medium-sized enterprises (SMEs). They provide digital-first and customizable health insurance plans to cater to the needs of employees in SMEs.

UniApply

Founder: Prashant Shrivastava

CEO: Prashant Shrivastava

Year: 2018

Impact: UniApply is an education technology company that provides a platform for students to discover, compare, and apply for higher education programs. While not solely an InsurTech startup, they may offer insurance-related services or partnerships to cater to students’ insurance needs.

Broctagon Fintech Group

Founder: Don Guo, Yoav Aziz

CEO: Don Guo

Year: 2009

Impact: Broctagon Fintech Group is a global technology company specializing in financial and blockchain solutions. While not exclusively focused on insurance, they may offer technology solutions or services that can be applied in the insurance industry.

OneInsure

Founder: Ankit Garg

CEO: Ankit Garg

Year: 2011

Impact: OneInsure is an insurance broking platform that offers a range of insurance products and services. They aim to simplify the insurance buying process and provide personalized insurance solutions to individuals and businesses.

Insuremile

Founder: Mallesh Reddy, Satishwar Reddy, Venkat Raghavendra, and Shashidhar Mopuri

CEO: Shashidhar Mopuri

Year: 2017

Impact: Insuremile is an InsurTech company that offers an online insurance marketplace. They provide a platform for customers to compare and purchase insurance policies from multiple insurers, offering convenience and choice.

Riskcovry

Founder: Suvendu Prusty, Sorabh Bhandari

CEO: Suvendu Prusty

Year: 2018

Impact: Riskcovry is an InsurTech startup that provides a modular and customizable insurance platform. It enables businesses to offer innovative insurance products and services to their customers through digital channels.

Coverfox

Founder: Varun Dua, Devendra Rane

CEO: Premanshu Singh

Year: 2013

Impact: Coverfox is an online insurance broker and comparison platform. They offer a wide range of insurance products, including motor insurance, health insurance, travel insurance, and more. Their platform simplifies the insurance buying process and provides personalized policy recommendations.

InsuranceDekho

Founder: Ankit Agrawal

CEO: Ankit Agrawal

Year: 2017

Impact: InsuranceDekho is an online insurance platform that enables customers to compare and purchase insurance policies. They offer a wide range of insurance products, including motor insurance, health insurance, and more, and provide a seamless digital experience for insurance buyers.

Toffee Insurance

Founder: Nishant Jain, Rohan Kumar, Harshid Pandya, and Pradeep Prasad

CEO: Nishant Jain

Year: 2017

Impact: Toffee Insurance is an InsurTech startup that offers bite-sized insurance policies for everyday risks. They focus on providing affordable and accessible insurance coverage tailored to the needs of millennials and the digital-savvy population.