Insurtech platform Zopper announced that it had reached $100 million in annualized insurance premium due to the acceleration of digital transformation, the demand for digital solutions exploding across the insurance value chain, and ecosystem partners collaborating with insurtech players.
“Achieving $100 million in annual insurance premium is a significant moment for stakeholders,” Surjendu Kuila, founder and CEO, Zopper said.
“We aim to increase insurance penetration in the country by leveraging new-age technology. The world is embracing digitalization at a much faster pace than expected, especially owing to the pandemic. The share of digital insurance is anticipated to grow to 19% by 2027, and we look forward to scaling to 50 million policies over this period.”
Zopper, backed by Tiger Global and Blume Ventures, provides end-to-end insurance solutions through its API platform to its distribution partners. Amazon, Ola, Cars24, Xiaomi, Croma, Titan Eye Plus, StoreKing, IIFL, Chaitanya, and other firms are among the company’s more than 60 distribution partners.