Insurenext Summit 2022 | Banking Frontiers | 21 January 2022 | Online Event

A magazine to reckon with in the Fintech segment, Banking Frontiers over the past three decades has carried the legacy of urgent and detailed cover-age of all the latest happenings in the industry. Over the past few years, the brand has diversified digitally, though still holds the fort in the print segment.

Globally, the insurance market penetration is around 7.3 per cent. In India, it stands at 3.7 per cent, which is relatively low compared to global peers. To ensure further market penetration, there is a need for the industry to strategise and devise more tools and ways to reap results. There has been witnessed a lack of awareness, non-clarity of the benefits, the hassles of claims, lack of trust and economic instability, etc has added to the averseness towards purchasing an insurance. Though, a lot has changed in the past few years with increased transparency. However, the non-life insurance segment in India is still below 1 per cent.

With the balance of power shifting towards consumers, the industry faces the current crop of challenges of lower penetration, dealing with the on-demand economy, more catastrophic events, staying ahead of challenges and even reigning in the cusp of new technologies.

India has 24 life and 34 non-life insurance companies, 29 TPAs, 25 lakh agents and numerous underwriters. In 2020, the segment added 1.7 lakh new agents despite the pandemic, an indicator of healthy growth backed by popular realisation to invest in insurance during the pandemic and the resultant lockdown.

2021 Past Speakers

Anuj Bhansali
Head of Trust & Safety, Phonepe

Arjun Bhaskaran
Country Representative - India & Middle East, Gamasec Ltd

Suman Gandham
Founder & CEO, Finin

Bala Parthasarathy
CEO & Co-Founder, Moneytap

Navin Surya
Founder, So Hum Bharat Digital Payments

Anupam Bagchi
CBO, Jupiter Money

Suhail Sameer
Group President, Bharatpe

Siddharth Dhamija
CEO, Zaakpay

Anand Bajaj
Chief Executive Officers, Nearby Technologies

Vijay Aggarwal
CTO, Bharatpe

Shrini Viswanath
CTO, Bharatpe

Malik Khan Kotodia
Co-Founder and Global Board Chairman, Gift

Nir Netzer
Chairman, The Israeli Fintech Association

Sumit Kumar
Director, Digital & Technology Consulting, EY

Lincy Therattil
Head Open Innovation & Fintech Platform, RISE Mumbai

Anuradha Ramachandra
Director, Flourish Global Fintech Venture Firm

2021 Partner

SILVER PARTNER:
• Intellect