insurtech startups: Startups in queue for insurance licence face stricter norms
Backing of a large local investor, considerable net worth of promoter and founder are among key requirements laid down by the sector regulator.
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Backing of a large local investor, considerable net worth of promoter and founder are among key requirements laid down by the sector regulator.
Insurtech firms such as Bengaluru-based Onsurity and Pune-based Loop Health help employers offer group health policies to their employees and run a platform to offer employee wellness services, too. They want to capitalise on the Insurance Regulatory and Development Authority of India (IRDAI) move of opening the heavily regulated sector to new participants.
Indian IT majors are eyeing upcoming US federal contracts as several large deals are set for renewal in the next two quarters. While it is still challenging for Indian companies to win these contracts, there is a more positive attitude towards Indian-heritage suppliers.
Venture capital firm General Catalyst plans to buy a health system and use its digital health portfolio companies to help transform it. Learn more here.
The struggle to find rental accommodation in Bengaluru, known as India's Silicon Valley, has gained notoriety, thanks to social media. However, a recent story of a tenant securing an apartment in just one day generated buzz.