Key trends and developments that redefine the Indian insurance industry in 2022

The insurance sector is taking advantage of modern technologies, such as the Internet of Things, Artificial Intelligence, e-commerce, and web aggregations, to meet its goal of providing insurance to everyone by 2047. These cutting-edge innovations have had a significant influence on the industry. Mayank Gupta, co-founder and COO of Zopper believes that transparency and technology-based solutions will be a major boost to the insurance market in India's second and third-tier cities. Additionally, cloud computing, telematics, data, and analytics are likely to have an enormous impact on the sector over the coming years.