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Startups Look Overseas as AI Reshapes Global Insurance
Mint Kolkata
|April 03, 2025
Facing more competition, startups are expanding into West Asia, Southeast Asia, and Europe.
Insurtech startups are no longer content with the domestic market. Facing intensifying competition at home and comparatively smaller transaction sizes, these firms are aggressively expanding into West Asia, Southeast Asia, and Europe—regions where insurers are ramping up digital adoption and willing to pay more for advanced tech solutions.
The timing isn't accidental. With artificial intelligence (AI) transforming underwriting, claims processing, and distribution, insurers worldwide are accelerating digital investments to modernize operations. Indian SaaS-driven (software-as-a-service) insurtechs, known for their cost efficiency and expertise in automation, see an opening to supply these markets with scalable, AI-powered solutions.
Several Indian firms are moving fast to capitalize on this shift.
This story is from the April 03, 2025 edition of Mint Kolkata.
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