InsureNext Conclave 2023

Banking Frontiers organized its second InsureNext Conclave on January 5th in Mumbai. Given the highly dynamic ecosystem for insurance and the way the industry players are responding, the discussions at the conference showed path breaking thinking, understanding and responding. Edited excerpts from four panel discussions at the conclave:

InsureNext 2023 Panel 1

Rethinking Insurance Innovation & Insurtech

Description: We are supposed to be the 5th largest market in the world by 2025. We all are gearing up for this with insurance innovation and insurtechs. From the ecosystem perspective, there are so many areas where the foundation has to be built. We still need to build that foundation for the mega growth we are expecting. What is that foundation going to be like and how is the insurtech sector is going to power this? These issues were deliberated at InsureNext 2023 Conclave. Edited excerpts:

GUESTS

Sanil Basutkar, Co-Founder, Healthysure

Srinidhi Shama Rao, Chief Strategy Officer, Aegon Life

John Mayne, Executive Director, Coverfox Group

Rohan Kumar, CEO & Co-Founder, Toffee Insurance

Poornima Subramaniam, Chief Financial Officer, Reliance Nippon Life Insurance

Arindam Ghosh, EVP, Head of Strategy, Marketing & Digital, Star Union Dal-ichi Life Insurance

Bahroze Kamdin, Partner, Delotte India

Babu Nair, Founder & MD Banking Frontiers (Moderator)

Babu Nair: From an ecosystem perspective, we still need to build on that foundation for huge growth. What is that foundation going to be like and how is the insurtech sector going to power it?