The evolution of Insurtechs is a fusion of Insurance & Technology. The growth of Insurtechs is a result of many factors, technological progress, Internet per se, as well as the change in consumer attitudes which sees a willingness to use digital channels. Most traditional insurers face the challenge of legacy technology and data systems, and siloed data. Complicated internal processes further hamper the speed of innovation and transformation. Insurtechs, with their technology first approach and agile ways of working, enable insurers to overcome some of these challenges through collaboration. The outcomes are notable: new offerings, improved capabilities and better customer engagement

Against this backdrop, Indian Chamber of Commerce along with Insurance Institute of India, Life Council Of India, General Insurance Council , National Insurance Academy and PWC as Process Reviewer is doing the Third Version of the Emerging Asia Insurance Conclave 2022 to acknowledge honour and recognise the efforts made by the emerging Asian insurance companies as well as discuss the policy measures to tackle Covid and its ramifications on the Insurance sector. The Stakeholders of Insurance from across the globe are converging in India on April 30, 2022 to share their thoughts and generate ideas of mutual benefit which can be implemented globally.