Question: What is India’s rank in the insurance-technology market in Asia-Pacific region as of S&P Global Market Intelligence data?
(a) Second
(b) Third
(c) Fifth
(d) First
Answer: (a)
Related facts:
- India has been ranked second-largest insurance technology market in Asia-Pacific according to S&P Global Market Intelligence data.
- India accounts for 35 per cent of the $3.66 billion insurtech-focused venture capital invested in the region,
- As of data, at least 335 private insurtechs are operating in Asia-Pacific, with about 122 of them disclosing $3.66 billion in aggregate capital raised via private placement deals.
- China and India are collectively home to nearly half of private insurtech companies in the APAC region and attracted about 78 per cent of the investments.
- Insurance technology investors are attracted to India since it is one of the fastest-growing insurance markets in the world.