Policybazaar expands reinsurance operations to Asia and the Middle East

Indian insurtech Policybazaar is venturing into reinsurance operations in Sri Lanka, Qatar, Oman, and the United Arab Emirates, thus becoming the first Indian company of its kind to introduce a technology-driven reinsurance model in the rapidly growing markets of Asia and the Middle East.

Its newly launched platform leverages data analytics and actuarial expertise to enable faster and more efficient placements of both facultative and treaty reinsurance risks.

The solution is designed for insurance companies operating in diverse lines of business, including property and casualty, marine, liability, cybersecurity, and climate risk.