India’s Policybazaar platform enters Sri Lanka
The Morning: Policybazaar.com, one of India’s insurance platforms, has announced through a press release the launch of its reinsurance operations in Sri Lanka, Qatar, Oman, and the UAE.
With this move, Policybazaar becomes one of the first India-based intermediaries to introduce a technology-driven reinsurance model across Asia and the Middle East, regions that are rapidly growing yet continue to face efficiency and capacity gaps.
Built on a digital-first foundation, Policybazaar’s reinsurance platform combines data analytics, actuarial insights, and over a decade of distribution expertise to deliver faster, more transparent, and data-backed facultative and treaty placements. The platform supports insurers across property, marine, liability, cyber, and climate-linked risks, bringing sharper underwriting discipline and speed to portfolios that have traditionally been underserved.
Policybazaar Cofounder and CBO, Corporate Insurance and Reinsurance Tarun Mathur said: “Reinsurance has long been driven by legacy networks rather than innovation. But insurers today face a different reality – climate volatility, systemic cyber threats, and economic uncertainty all at once. They need partners who bring clarity, speed, and data-led decisioning, not just capacity.
“At Policybazaar, we’ve built our reinsurance platform to meet that need. It reduces friction, improves transparency, and empowers insurers to make faster, more informed decisions. Sri Lanka, Qatar, Oman, and the UAE are dynamic markets that value innovation and efficiency. This is more than an expansion – it’s the beginning of a pan-Asian, tech-powered reinsurance network.”
OSL take:
Sri Lanka’s ongoing economic activities and the overall economic expansion as the country steers towards becoming a hub in the South Asian region has opened a host of business/investment opportunities in key economic sectors. With the expansion in Sri Lanka’s economy as well as the opportunities for lucrative business ventures, many foreign businesses/investors have expressed interest in entering the country. Among the foreign businesses that have shown an increased interest in doing business with/in Sri Lanka are Indian/businesses investors. While there are many Indian businesses/investors engaged in business ventures in Sri Lanka, they have shown growth, profits and expansion, indicating the increasing business potential in the country. With the growing business, trade and investment ties between Sri Lanka and India, there are increased business/investment opportunities for Indian businesses/investors in Sri Lanka and vice versa. Indian businesses could also look at further expanding operations through local collaborations. Other foreign businesses/investors interested in doing business with India could look at setting up bases in Sri Lanka to engage with India using the preferential treatment enjoyed by Sri Lanka.
| Article Code : | VBS/AT/20251110/Z_1 |