InsureMO Demonstrates Strong Momentum in India Market and Participated Global Fintech Fest in Mumbai for the Fifth Consecutive Year

September 6, 2024

At the Global Fintech Fest 2024 (GFF '24) held in Mumbai, India on August 28-30, 2024, InsureMO participated as an exhibitor once again, showcasing its latest innovative solutions for the insurance ecosystem.

With the acceleration of digital transformation, the insurtech industry is experiencing unprecedented growth in India. Over the past two years, InsureMO has made significant breakthroughs and rapid development in the Indian market, leveraging its strong technical capabilities, rich platform assets, accumulated use cases, and extensive partner network.

  • In 2023, India's largest mobility company Ola onboarded InsureMO platform to embed relevant insurance services in its ride-hailing, food delivery and courier services.
  • In January 2024, TATA Group’s automotive financial service company onboarded InsureMO platform, to allow its customers to access the related insurance products and services.
  • In August 2024, Amazon India chose InsureMO to provide insurance products to its e-commerce customers.
  • Several insurance companies have selected InsureMO to enhance their ecosystem connectivity capabilities.
  • Additionally, through in-depth collaborations with local and international IT partners, several leading Indian insurance companies have adopted InsureMO as middleware to modernize their core systems. InsureMO’s IT/consulting partners are responsible for these application development and integration.
  • A number of credit management companies, insurance brokers, and insurtech companies, such as CreditMantri, Ebix, Meesra and Healthysure, have also connected to InsureMO insurance PaaS platform to unleash their innovation and connectivity capabilities.

The Global Fintech Fest (GFF) is an annual fintech conference organized by the Payments Council of India (PCI), the National Payments Corporation of India (NPCI) and the Fintech Convergence Council (FCC), and has grown into one of the world's largest fintech events. GFF 2024 brought together over 1,000 distinguished speakers from more than 70 countries, held over 350 exciting sessions, witnessed the debut of more than 60 innovative products, and featured over 300 companies exhibiting. The three-day event attracted around 100,000 visitors.

Through GFF, InsureMO was able to share its recent customer success stories with more insurance ecosystem companies. Rajat Sharma, Chief Revenue Officer of InsureMO, said after the event, "GFF is a stage with full of vitality and passion. Everyone I met was there to build something meaningful and nobody wants to wait for the perfect time and everyone just wants to take action immediately. We had people came searching for InsureMO from everywhere. I am very excited about how InsureMO constructs and provides real value, helping our customers drive massive Volume, Variation and Velocity in the Indian ecosystem."

InsureMO team at GFF

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