India is second largest insurtech market in Asia Pacific, S&P Global says

New Delhi: India is the second largest insurance technology market in the Asia Pacific, accouting for 35% of the $3.66 billion of the venture capital coming into the sector in the region, according to S&P Global Market Intelligence data.

At least 335 private insurtech firms are operating in the Asia-Pacific, with about 122 of them disclosing $3.66 billion in aggregate capital raised via private placement deals.