00:00 I have a slightly different take on this Nidhi and you know digitization is one of the key
00:08 areas where insurance companies are spending a lot more time and resources especially after
00:12 covid and insurtech is actually becoming like a global phenomenon.
00:17 So globally approximately out of around 17,000 FinTech companies there are close to around
00:21 1500 insurtechs.
00:22 Similarly, in India there are close to 150 insurtechs who are working in this space at
00:27 the cusp of insurance and technology.
00:31 Now in terms of rural insurance I would say that while the buying behavior is not completely
00:39 digital I would say digitization is one of the key enablers for doing rural insurance
00:45 in the first place.
00:46 I think historically rural India given the challenges that I just mentioned earlier has
00:50 always not got its due in terms of insurance penetration and I think one of the levers
00:55 that we work with has been technology.
00:59 [Music]
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