EPISODE · Oct 29, 2024 · 38 MIN
Transforming India's Insurance: Shilpa Arora on Insurtech, Misselling and Automated Claims
from Finstep Asia Edge: Unveiling Fintech Trends in the Web 3.0 Era · host Finstep Asia
Join Shilpa Arora, Co-founder & CEO of Insurance Samadhan, as she shares her journey in tackling misselling in India's insurance sector. Learn about the growth of insurtech, fake vs. real claims, and her experience on Shark Tank India. Key Highlights: 🚨 Misselling in Insurance: A staggering 50% of insurance policies in India are mis-sold, often due to high commissions and lack of transparency 🛡️ Claims & Automation: Insurance Samadhan is automating 33% of life insurance, 60% of health insurance, and 10% of general insurance claims, making the process faster and more reliable 🦈 Shark Tank Experience: Shilpa shares how pitching on Shark Tank was a great marketing opportunity, even when they didn’t secure funding, helping the brand gain massive exposure 💪 Women in Fintech: As a woman co-founder, Shilpa discusses the challenges of networking in the fintech space and the growing number of female entrepreneurs in India. 🌱 India’s Insurance Growth: The insurance industry is still in its early stages in India, but with innovations like these, Shilpa believes the country can achieve "Insurance for All" by 2034 👉 Subscribe for more startup insights & fintech breakthroughs! #insurtech #insurance
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Transforming India's Insurance: Shilpa Arora on Insurtech, Misselling and Automated Claims
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