Insurtech startupTop 10 insurtech startup 2022 offers an improved user experience at a more affordable price.

Despite technological advances, mainstream insurers still use traditional policies and paperwork. This is not the case for modern consumers. The gap between traditional insurance policies and changing market dynamics allows young InsurTech companies to innovate and take risks. Here are the top 10 insurance startups in 2022 in no particular order. 

This pandemic has enabled Top InsurTech companies in India and around the world to prioritize technology initiatives and urgently implement digital solutions. Partnerships between the insurance industry and insurance companies are increasing. Players in the industry have developed product strategies to succeed in the new ecosystem. As policyholders' expectations grew after the outbreak, insurers leveraged investor capital to lay the foundation for robust data and analytics. It implements intelligent AI, predictive modeling, the Internet of Things (IoT), connected devices, open APIs, and open insurance models, resulting in a growing customer base. 

List of Top 10 Insurtech Companies in India:

1. Digit Insurance

Founded in 2016, the company focuses on general online insurance. Insurance includes health insurance, car insurance, mobile phone insurance, travel insurance, bicycle insurance, and jewelry insurance. Based in Bangalore, the company has raised $ 100 million in funding since its inception. It is among the Top 10 insurtech startups in 2022 

2. Acko General Insurance

Acko, a startup disrupting the auto insurance industry in 2017, was founded in 2017. Data analytics and low-cost insurance products are some of its InsurTech solutions. With Acko, you can ensure your car or bike is entirely third-party. Micro-insurance services are also offered through a partnership with Ola Cabs. As of 2019 Top 10 insurtech startup 2022, Acko reported total funding of $43 Million. The company operates out of Mumbai.

3. PolicyBazaar

Policy Bazaar was founded in 2008 as one of the Top 10 insurtech startups in 2022. The company offers insurance policies online. Comparing insurance policies with PolicyBazaar is a simple process based on price, profit, and quality. The Gurgaon-based company has raised $ 372 million from a variety of investors.

4. OneAssist

OneAssist has grown into a leading provider of insurance products in recent years. The company offers device insurance and data protection. The Top 10 insurtech startup 2022 is tackling the increasing problems of personal information theft, the dark web, and cyber risk in the Internet age.

5. PolicyBoss

PolicyBoss Insurance Marketplace is another online marketplace for insurance. This application allows users to compare and purchase insurance policies. Since its launch in 2012, Top 10 insurtech startup 2022 Policy Boss has received a total of $ 10 million in funding. PolicyBoss considers insurance companies to be an important distribution channel. It has offices in 24 cities in India and is headquartered in Mumbai.

6. InsureFirst

InsurFirst was founded in Kolkata in 2016 and is distributed by Aviva Life, ICICI Prudential, and SBI. We are currently under the Top 10 insurtech startup 2022 that offers health insurance, car insurance, life insurance, housing and property insurance, travel insurance, and personal investment plans. This insurance covers maritime, fire, business interruption, commercial vehicles, contractor risk, worker accident compensation, and trade credit as corporate risk.

7. Coverfox

Founded in 2011, Coverfox is India's leading Top 10 insurtech startup 2022. Customers can buy and renew their insurance policies on a simple, fast and secure platform. In addition, it provides a reliable platform for resolving claims. We have secured a total of $ 42 million in funding. Several insurance companies, such as Saif Partners, IFC, Catamaran, Accel Partners, and TransAmerica, also fund the company.

8. PayTM Insurance

In 2010, PayTM began to function as a digital wallet. Paytm Life Insurance Ltd and Paytm General Insurance Ltd are their insurance subsidiaries.

9. RenewBuy

RenewBuy, a broker platform, offers car insurance. Among the Top 10 insurtech startups 2022 various insurance companies offer real-time offers on forums. Most of the company's activities take place in Gurgaon. So far, a total of $ 15 million has been raised.

10. TurtleMint

TurtleMint was founded in 2015 as an online insurance aggregator. Currently, the company serves the life insurance, health insurance, and automotive insurance sectors. The head office is in Mumbai, India.