A Report by: Perfios x The Digital Fifth
Reimagining Insurance: India’s Leap into the Future
A definitive guide to the trends, tech, and transformation shaping insurance in India
Launching at the India Insurtech Summit 2025 in Mumbai, this exclusive report by Perfios and The Digital Fifth breaks down the biggest shifts shaping India’s insurance future from smarter underwriting to seamless claims, new-age distribution, and bold regulatory reform
This report is a collaborative effort between Perfios, India’s leading B2B fintech software
platform, powering over 1,000 financial institutions with real-time data intelligence and The Digital Fifth, a strategic fintech and insurtech consulting powerhouse known for driving digital transformation across BFSI.
Authors Include
Prasad Kailash Krishnamorthy
Head of Insurtech
Arun Jain
Senior Director-Insurance, Perfios
Sameer Singh Jaini
Founder & CEO, The Digital Fifth
Drishti Wadhwa
Senior Analyst, The Digital Fifth
Deepanshu Kathuria
Associate Consultant, The Digital Fifth
Jay Shah
Senior Analyst, The Digital Fifth
What You’ll Learn
India’s Insurance Landscape
Key stats regarding penetration & product maturity, shifts in life vs non-life, and market penetration trends.
Digital & Distribution Disruption
Rise of embedded insurance with 337% YoY growth in health policies, digital-led onboarding, and phygital models.
GenAI in Action
Real-world use cases including Allianz, Lemonade, ICICI Lombard & others in underwriting, claims, and fraud detection.
Regulation as a Catalyst
How IRDAI reforms, Bima Trinity, and 100% FDI are reshaping the landscape
Why It Matters And Why Now
By 2047, India aims for “Insurance for All”. But to get there, insurers need to rethink how they sell, underwrite, and engage. This report which is the most comprehensive analysis of Indian Insurtech till date gives you the roadmap.
Why It Matters And Why Now
