Zopper, an insurtech platform, said that it has reached $100 million in annualized Insurance premiums as a result of the acceleration in digitalization, the surge in demand for digital solutions across the insurance value chain, and ecosystem partners engaging with insurtech businesses.
Achieving $100 million in annual insurance premiums is a watershed event for all stakeholders, stated Surjendu Kuila, Founder and CEO at Zopper, in a statement on Friday.
They want to use new-age technology to enhance insurance penetration throughout the country. Because of the epidemic, the world is adopting digitalization at a far faster rate than planned. By 2027, digital insurance is expected to account for 19% of all insurance policies, and they expect to reach 50 million policies during that time.
Zopper’s API platform, which Tiger Global and Blume Ventures support, provides end-to-end insurance solutions to its distribution partners. Amazon, Ola, Cars24, Xiaomi, Croma, Titan Eye Plus, StoreKing, IIFL, Chaitanya, and others are among the company’s more than 60 distribution partners.
About Zopper
The Insurance Infrastructure APIs from Zopper will quickly enable insurance solutions for customers. They provide a complete product solution, from building a bespoke insurance plan for businesses and their clients to supplying the appropriate APIs. They collaborate with firms in the Lifestyle, Digital, and Financial Ecosystems to provide customized and off-the-shelf insurance options.
For more information, visit https://www.zopper.com/
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