Zopper, India’s largest embedded insurtech platform, today announced the accomplishment of a new business milestone – $100 million in annualized insurance premium. The acceleration in digital transformation has helped the company to deliver stellar business performance. The demand for digital solutions is on the surge across the insurance value chain, from quote issuance to claim settlement. And, the ecosystem partners are collaborating with Insurtech players to innovate and build future capabilities to meet the protection needs of customers.
Zopper’s Insurtech platform is backed by marquee global investors – Tiger Global and Blume Ventures. The company offers end-to-end insurance solutions to its distribution partners through its API platform. Zopper and has over 60 plus distribution partners, which include some of India’s largest brands – Amazon, Ola, Cars24, Xiaomi, Croma, Titan Eye Plus, StoreKing, IIFL, Chaitanya, and more. The company has a presence in over 1200+ cities across India meeting the surging demand of new-age digital customers.
Commenting on a new milestone, Surjendu Kuila, Founder and CEO, Zopper said, “Achieving $100 million in annual insurance premium is a significant moment for stakeholders. We at Zopper aim to increase insurance penetration in the country by leveraging the marvels of new-age technology. We know for a fact that the world is embracing digitalization at a much faster pace than expected, especially owing to the pandemic. The share of digital insurance is anticipated to grow to 19 per cent by 2027, and we look forward to scaling to 50 million policies over this period.”
Since Zopper came into being, its aim has been to create India’s largest embedded insurtech API platform to help B2C company sell insurance seamlessly to their customers. Zopper provides its services to a large set of ecosystems with partners belonging to digital, financial, and lifestyle segments. The insurtech platform offers a wide range of products such as health insurance, life insurance, motor insurance as well as lifestyle protection.