Zopper hits $100 million annualized insurance premium

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Zopper hits $100 million annualized insurance premium
07 Mar 2022
5 min read


News Synopsis

Zopper an insurtech company announced that its annualized insurance premium has touched $100 million. The company said the increase in digital transformation has eventually led to an increase in demand for digital solutions in the insurance industry. On Friday, Surjendu Kuila, founder and CEO of Zopper in his statement said: “Achieving $100 million in annual insurance premium is a significant moment for stakeholders. 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 through its API platform provides end to end insurance solutions to its distributions partners. Marquee global investors – Tiger Global and Blume Ventures have invested in Zopper. Brands like Amazon, Ola, Cars24, Xiaomi, Croma, Titan Eye Plus, StoreKing, IIFL, Chaitanya, etc are some of its distribution partners.

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