The Founder Thesis Podcast | Learn from disruptive founders

Share this post

The Bharat way of insurance distribution | RenewBuy

www.founderthesis.com

Discover more from The Founder Thesis Podcast | Learn from disruptive founders

Candid Conversations with the smartest founders in India to learn about Product Market Fit, Go to Market Strategies, Growth Hacking, Building Flywheels & lots more...
Continue reading
Sign in

The Bharat way of insurance distribution | RenewBuy

Akshay Datt
May 3, 2023
Share this post

The Bharat way of insurance distribution | RenewBuy

www.founderthesis.com
Share

When it comes to shaking things up in big industries, founders usually take one of two paths.

You've got the Silicon Valley path - cut out the middlemen and sell straight to customers. Or there's the “Made for Bharat” path- where you empower the middlemen for their entrepreneurial spirit. Take Amazon and Flipkart vs. Udaan and Jumbotail in retail as an example.

Insurance is an industry where people used to rely on agents to buy policies. But then came PolicyBazaar which went the Silicon Valley route and ditched insurance agents. Enter RenewBuy which took the "Made for Bharat" approach.

RenewBuy was born out of the desire to create an InsurTech company that shakes up the old-school insurance system and makes it easy to understand and use.

In 2021, India's insurance coverage stood at 4.2%. That's considerably lower than the world average of about 7.23%. This big gap in insurance is what sparked the idea for RenewBuy.

Balachander Sekhar talks about his multi-decade journey in the insurance industry. He shares some of the unique choices they made while building up RenewBuy.

Other Ways to Listen:

Apple Podcast | Amazon Music | Google Podcast

Additional readings:-

1.The Insurance Trailblazer

2.RenewBuy: Tech makes it simple to buy insurance

3.Balachander Sekhar, Co-Founder, RenewBuy

Before you go……the analytics only tell me so much, I want to hear what you feel and think about the conversations.

Mail me at ad@thepodium.in with your comments & feedback or if you just want to hear my comments on your startup idea - I love getting your emails!

Until the next founder's thesis📕,

Your host, AD

Share this post

The Bharat way of insurance distribution | RenewBuy

www.founderthesis.com
Share
Comments
Top
New
Community

No posts

Ready for more?

© 2023 www.ThePodium.in
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing