Do GDP growth and insurance penetration affect Insurtech funding in the Indian scenario

  • Authors

    • Arnab Das Sharma Research Scholar VIT, Vellore
    • Dr. Muthumeenakshi M Associate Professor (Sr.) VIT, Vellore
    https://doi.org/10.14419/apd8zn09

    Received date: April 24, 2025

    Accepted date: May 21, 2025

    Published date: May 31, 2025

  • Insurance, Insurtech funding, Insurance Penetration, GDP Growth, Insurtech

  • Abstract

    The global trend in insurtech funding hit a low around 2020 as it took 2 years, i.e., 2022, to return to the same level, while if we focus on the Indian context, the insurtech investment doubled during this period. This indicates a positive investment environment in this industry, which opens a compelling research area and knowledge gap regarding the factors that contribute to strengthening insurtech funding in India, whereas the global trend shows fluctuating growth. This paper looks forward to the key factors like regulatory changes, revenue growth, profit margins, etc., and how much they are responsible for that change. Further analysis in this study evaluates the funding trend in insurtech companies and compares it with global trends, where we can find a point of inflection with justification. It also focuses on the impact of macroeconomic variables like GDP growth and insurance penetration on the funding of the insurance industry. This study could potentially identify the specific elements influencing insurtech funding in India while offering a better understanding of the investment environment. It might also shed light on the sector's potential for future growth and identify areas for more innovation and investment.

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    Sharma , A. D. ., & M, D. M. . (2025). Do GDP growth and insurance penetration affect Insurtech funding in the Indian scenario. International Journal of Accounting and Economics Studies, 12(2), 1-9. https://doi.org/10.14419/apd8zn09