But despite the massive size of the market, only a few Indian insurance startups have attracted investment. Funding has centered on a small group that aggregate policies and offer comparisons across both non-life and life insurance lines.
One such Indian policy aggregator, Easypolicy, captured one of 2016’s early insurance tech deals this week.
Late last year, Pascal Bouvier, a venture partner at Santander InnoVentures, predicted that more than 100 insurance tech startups would be funded throughout 2016 — meaning 8+ fundings a month.
To date, we’ve seen just a handful globally including FinanceFox and Cuvva in Europe to PolicyGenius in the US.
The biggest in 2016 year-to-date happened today — a $17M Series A to auto insurance comparison site The Zebra. Mark Cuban (also a seed investor) participated in the round.
If you want to keep up with all the latest deals in the space, bookmark this.
