Bancassurance

Banking is en route to becoming the third-largest sector in India by 2050. Here’s how InsurTech can help banks overcome challenges and grab this opportunity. Read our blog for insights on innovative strategies driving growth in this promising landscape.

Bancassurance has boosted insurance penetration in India. Discover the key success drivers and how InsurTech can grow your business.

InsurTechs are set to play a pivotal role in Bangladesh's bancassurance landscape, offering a synergy that propels the insurance sector forward. In this dynamic arena, collaboration emerges as the linchpin for progress, with InsurTechs acting as indispensable tech allies to traditional insurance carriers and banks.

Bangladesh boasts a robust banking system but suffers from a meagre insurance penetration rate of around 0.4% (compared to India's 4%) [Swiss Re Institute, 2022]. This translates to a vast, untapped market for insurance products.