Flashaid’s Post

Imagine being part of a company that’s laser-focused on the welfare #smallholderfarmers ; those pivotal and unsung heroes who produce over a third of the world’s food. These farmers face the relentless challenges of #climatechange and the pressures from market forces that often undermine their livelihoods. If you haven't heard about it yet, let me introduce you to PULA; the leading agritech insurance company, dedicated to safeguarding these essential contributors by offering innovative insurance solutions tailored specifically to their needs. #Pula’s primary mission is to ensure that smallholder farmers are not only protected but empowered to thrive. Protecting this #vulnerable group of #smallholderfarmers is not just critical; it's essential for the future of #foodsecurity in Africa, Asia, Americas and Beyond. Jumping aboard #Pula these last few months has been an absolute career milestone, combining cutting-edge technology with a deep-seated commitment to social impact. Here, every day presents an opportunity to drive meaningful change. Our work goes beyond traditional insurance; it’s about setting new benchmarks in agritech, creating solutions that enhance #resilience and #sustainability for those who feed the world.  It is more than just a job at #Pula, rather, a chance to contribute to a cause that truly matters by making a tangible difference in the lives of smallholder farmers. Being part of a team that genuinely makes a difference in the lives of those who feed the world? That's what I call a #fulfilling career! Pun intended ;) #Agritech #Insurance #FoodSecurity #SmallholderFarmers #Pula #CareerHighlight #MakingADifference

14 companies with female founders have gone public to date in India LawSikho Honasa Consumer Ltd. (Mamaearth) Appetite Food Tracxn MapmyIndia , Nykaa Zivame smaash Addshop Promotions Yatra for Business TeamLease Services Limited Justdial Aurionpro Apollo Finvest and Share Mart Unicorns led by Female Founders Open Financial Technologies Pristyn Care MobiKwik Menstrupedia The Good Glamm Group Hasura Oxyzo Financial Services Policybazaar.com ShopClues BYJU'S Learning (struggling) Zilingo (shut down) Dear Female Founders, The current list of women-led unicorns is just the beginning. Your potential is limitless! it’s time to aim high and make bold projections. Don't hesitate to showcase your vision and ambition. Venture capitalists believe in big bets, and they are looking for groundbreaking ideas and big dreams. Be confident, be bold, and be ready to take your startup to the next level.

India’s insurtech sector is at a crossroads, brimming with potential but with vast opportunities still untapped. With insurance penetration still low i.e. 38% for health, 30% for crop, and 32% for life, India has much room to grow. But what will it take for the country to truly lead on a global scale? Answer to this question lies in three key areas: awareness, affordability, and accessibility. First, awareness is a big challenge. Many Indians don't fully understand the value of insurance or the protection it can provide. Insurtech startups are stepping up and trying to bridge this gap. For example, Zyla uses AI driven personalized healthcare to improve health outcomes while reducing insurance claim costs. Initiatives like this prove that when people understand the value, they’re more likely to engage with insurance products. Next is affordability. India’s diverse population, especially in Tier 2 and Tier 3 cities, needs insurance solutions tailored to their income levels. Products like AutoWiz’s pay as you drive insurance make coverage more accessible by linking premiums to actual usage. In my opinion bite sized, affordable products are not just a trend, they are essential for tapping into the low income segments and the growing middle class. Finally, accessibility remains a hurdle. While innovation is happening, rural and underserved areas are often left behind. To solve this issue platforms like DigiFasal, are providing parametric crop insurance based on real time weather data. This example clearly indicates that insurance can be customized and delivered in a way that truly meets the needs of farmers and other underserved populations. And this is where tech driven solutions have the power to break barriers. But along with these innovations, customer experience will remain critical to succeed in Indian market. Today’s customers expect more than just coverage . Their aspirations are evolving rapidly and they expect seamless digital journeys, transparency, and trust. Modern day Insurtech companies are rising to this challenge, embedding AI and data to create simple, fast, and reliable experiences. This is going to be critical to build long term trust and to drive higher adoption rates. Finally all I can say that India’s insurtech ecosystem has the building blocks to become a global powerhouse. But scaling these innovations globally will require focus on cutting edge technologies like Gen AI , Machine learning along with profitability, sustainability, and an unrelenting commitment to prioratise customer interest. Refer attached report for detailed insights. ⬇ #Insurtech #InsuranceForAll #InsuranceInnovation #DigitalTransformation #CustomerExperience #ParametricInsurance #IndiaLeads #Insurance #LinkedIn

One of my friend’s father bought a medical insurance and still had to face a big financial crisis. Here's what happened ⬇️ As some of you know, I come from a very small place in Odisha, where financial awareness is still very scarce. Forced policy selling by agents who have their quotas is a widespread issue in rural India. They mis-sell products just to meet their numbers, and this includes even the biggest brand names. This happens to everyone regardless of how rich or poor a household may be, mostly due to a lack of financial awareness. In this case, my friend’s family was sold something that did not suit their needs at all, eventually leading to the crisis situation. While mis-selling is widespread, having no insurance at all is even a bigger problem in itself. Here's the macro picture: According to a NITI Aayog report, at least 30% of the population, or 40 crore individuals – called the "missing middle" – are devoid of any financial protection for health. In such a situation, there's a growing need for the right support in choosing the right product for you. That's when I heard about Ditto from Pawan and the way they focus on quality and at the same time without any compromises on governance practices. That’s why I think Ditto is perfect for a situation like my friend's family faced. They follow clean practices solely focused on understanding the needs of the individual and then finding the right product for their risk appetites. No spam calls! It’s no surprise that Ditto Insurance won the Best Startup Award from LinkedIn and continues to receive good reviews from almost everyone in my personal circle. Checkout the link in the comments for more information. #ditto #dittoinsurance #collab

#Celebrating Our Journey with Finsall Resources ! 🚀 In early 2019, we crossed paths with Tim Mathews and Prabal Khanna the visionary founders of Finsall Resources. Their idea? To revolutionize financing and insurance accessibility for all. Initially skeptical about financing insurance premiums, we soon realized the immense potential behind their vision. What started as a 45-minute meeting evolved into a 3-hour deep dive. Despite the challenges posed by the pandemic (in March 2020 during lockdown), Finsall Resources persevered. As investors, we rallied behind the founders, engaging in daily virtual huddles to provide encouragement and support. Fast forward to June 2020: Finsall Resources officially launched, even amidst the pandemic chaos. Since then, they’ve expanded exponentially, assembling a stellar team. But this is just the beginning—the vast opportunity ahead awaits them. 🌟 Best wishes to the Finsall Resources team for their continued success! 🌟 seafund Mayuresh Raut Narendra Bhandari Agam Gupta Anil Joshi Unicorn India Ventures Kerala Startup Mission #startupindia Prof Dr Amarendra Sahoo nasscom startups Startup Karnataka Karnataka Digital Economy Mission (KDEM) https://lnkd.in/gkn6JxmZ

Is India truly ready for universal insurance, or are we overlooking those who need it most especially in rural and semi-urban areas? With India's GDP projected to grow at 6.4% annually from 2024 to 2028, the insurance sector is primed for expansion. Yet, millions, particularly in rural regions, remain uncovered. Why? Because accessibility, affordability, and availability remain the biggest barriers. However, the solutions are within reach if we embrace technology, innovation, and customer-first thinking. Here are some key challanges and proposed solutions : Accessibility is a major challenge. Despite 65% of India’s population residing in rural areas, insurance penetration remains low. But what if Business Correspondents (BCs) and Self-Help Groups (SHGs) could serve as insurance ambassadors, reaching remote regions? Initiatives like PMFBY (Pradhan Mantri Fasal Bima Yojana) show that technology can empower rural communities by insuring their crops through digital platforms. Leveraging Digital Public Infrastructure (DPI) like ONDC can help insurers scale up distribution and reach the underserved. Affordability is another critical issue. How do we make insurance affordable for low-income families? AI is already transforming affordability in countries like China. For instance, Ping An, a major Chinese insurer, uses AI to assess risk and process claims faster, reducing costs and offering personalized policies. In India, AI-driven underwriting could cut costs and tailor policies, bringing insurance within reach of even low-income households. Imagine policies that adjust premiums based on healthy lifestyle data from wearable devices! Availability remains limited, especially for gig workers, small businesses, and senior citizens. Gig economy, for example, is growing fast, yet insurance products for this group are rare. In the U.S., gig workers get coverage through Uber partnerships. Why not replicate this in India, offering flexible, on-demand insurance for delivery drivers and freelancers? Agri Stack is another game-changer, helping farmers with faster crop insurance claims, tailored to their specific needs. To achieve “Insurance for All,” we need customer-focused innovation. Tailored products for diverse segments such as small businesses, gig workers, and rural populations can revolutionize coverage. The question isn’t if we can do it but how soon we’ll make it a reality. Refer attached report by EY for insights ⬇ #InsuranceForAll #Insurtech #DigitalIndia #AIinInsurance #RuralIndia #FinancialInclusion #GigEconomy #LinkedIn

🐮 Throwback on our Dairy Heat Index Insurance performance for Summer 2024 in India - Safeguarding #farmers and #livestock against climate risks. 🇮🇳 In 2024, Pahal Financial Services Pvt. Ltd. , an NBFC – MFI providing microfinance services to the low-income households, partnered with IBISA NETWORK to design a climate risk insurance product as a loan protection covering at a results for 1000 dairy animals in Gujarat. With branches in Borsad, Kheralu, and Palanpur participating, this initiative has laid the foundation for future climate-resilient financial solutions. Kartik Mehta, Co-Founder-Pahal Financial Services P Ltd, explained: "𝘖𝘶𝘳 𝘱𝘢𝘳𝘵𝘯𝘦𝘳𝘴𝘩𝘪𝘱 𝘸𝘪𝘵𝘩 𝘐𝘉𝘐𝘚𝘈 𝘨𝘰𝘦𝘴 𝘣𝘦𝘺𝘰𝘯𝘥 𝘯𝘶𝘮𝘣𝘦𝘳𝘴; 𝘪𝘵’𝘴 𝘢𝘣𝘰𝘶𝘵 𝘱𝘳𝘰𝘷𝘪𝘥𝘪𝘯𝘨 𝘱𝘦𝘢𝘤𝘦 𝘰𝘧 𝘮𝘪𝘯𝘥 𝘵𝘰 𝘳𝘶𝘳𝘢𝘭 𝘤𝘰𝘮𝘮𝘶𝘯𝘪𝘵𝘪𝘦𝘴 𝘧𝘢𝘤𝘪𝘯𝘨 𝘵𝘩𝘦 𝘶𝘯𝘱𝘳𝘦𝘥𝘪𝘤𝘵𝘢𝘣𝘭𝘦 𝘦𝘧𝘧𝘦𝘤𝘵𝘴 𝘰𝘧 𝘤𝘭𝘪𝘮𝘢𝘵𝘦 𝘤𝘩𝘢𝘯𝘨𝘦. 𝘛𝘰𝘨𝘦𝘵𝘩𝘦𝘳, 𝘸𝘦’𝘷𝘦 𝘸𝘰𝘳𝘬𝘦𝘥 𝘵𝘰𝘸𝘢𝘳𝘥𝘴 𝘴𝘦𝘤𝘶𝘳𝘪𝘯𝘨 𝘵𝘩𝘦 𝘭𝘪𝘷𝘦𝘭𝘪𝘩𝘰𝘰𝘥𝘴 𝘰𝘧 𝘎𝘶𝘫𝘢𝘳𝘢𝘵’𝘴 𝘥𝘢𝘪𝘳𝘺 𝘧𝘢𝘳𝘮𝘦𝘳𝘴, 𝘦𝘯𝘴𝘶𝘳𝘪𝘯𝘨 𝘵𝘩𝘦𝘪𝘳 𝘪𝘯𝘤𝘰𝘮𝘦 𝘢𝘯𝘥 𝘭𝘪𝘷𝘦𝘴𝘵𝘰𝘤𝘬 𝘢𝘳𝘦 𝘴𝘢𝘧𝘦𝘨𝘶𝘢𝘳𝘥𝘦𝘥 𝘢𝘨𝘢𝘪𝘯𝘴𝘵 𝘵𝘩𝘦 𝘤𝘩𝘢𝘭𝘭𝘦𝘯𝘨𝘦𝘴 𝘰𝘧 𝘤𝘭𝘪𝘮𝘢𝘵𝘦 𝘤𝘩𝘢𝘯𝘨𝘦.𝘛𝘩𝘪𝘴 𝘱𝘪𝘭𝘰𝘵 𝘪𝘴 𝘫𝘶𝘴𝘵 𝘵𝘩𝘦 𝘣𝘦𝘨𝘪𝘯𝘯𝘪𝘯𝘨. 𝘗𝘢𝘩𝘢𝘭 𝘍𝘪𝘯𝘢𝘯𝘤𝘦 𝘸𝘪𝘭𝘭 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘦 𝘵𝘰 𝘱𝘪𝘰𝘯𝘦𝘦𝘳 𝘪𝘯𝘯𝘰𝘷𝘢𝘵𝘪𝘷𝘦, 𝘤𝘭𝘪𝘮𝘢𝘵𝘦 𝘳𝘦𝘴𝘪𝘭𝘪𝘦𝘯𝘵 𝘢𝘯𝘥 𝘴𝘶𝘴𝘵𝘢𝘪𝘯𝘢𝘣𝘭𝘦 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘱𝘳𝘰𝘥𝘶𝘤𝘵𝘴 𝘵𝘩𝘢𝘵 𝘦𝘮𝘱𝘰𝘸𝘦𝘳 𝘤𝘰𝘮𝘮𝘶𝘯𝘪𝘵𝘪𝘦𝘴 𝘵𝘰 𝘧𝘢𝘤𝘦 𝘵𝘩𝘦 𝘨𝘳𝘰𝘸𝘪𝘯𝘨 𝘤𝘩𝘢𝘭𝘭𝘦𝘯𝘨𝘦𝘴 𝘰𝘧 𝘤𝘭𝘪𝘮𝘢𝘵𝘦 𝘤𝘩𝘢𝘯𝘨𝘦.” Balachandran M K, Head of Growth at IBISA, added: “𝘉𝘺 𝘪𝘯𝘴𝘶𝘳𝘪𝘯𝘨 𝘵𝘩𝘦 𝘭𝘰𝘢𝘯 𝘱𝘰𝘳𝘵𝘧𝘰𝘭𝘪𝘰 𝘰𝘧 𝘭𝘪𝘷𝘦𝘴𝘵𝘰𝘤𝘬 𝘭𝘰𝘢𝘯𝘴 𝘵𝘩𝘳𝘰𝘶𝘨𝘩 𝘰𝘶𝘳 𝘩𝘦𝘢𝘵 𝘪𝘯𝘥𝘦𝘹 𝘪𝘯𝘴𝘶𝘳𝘢𝘯𝘤𝘦, 𝘸𝘦'𝘳𝘦 𝘯𝘰𝘵 𝘫𝘶𝘴𝘵 𝘱𝘳𝘰𝘵𝘦𝘤𝘵𝘪𝘯𝘨 𝘭𝘰𝘢𝘯𝘴, 𝘣𝘶𝘵 𝘢𝘭𝘴𝘰 𝘦𝘮𝘱𝘰𝘸𝘦𝘳𝘪𝘯𝘨 𝘧𝘢𝘳𝘮𝘦𝘳𝘴 𝘢𝘨𝘢𝘪𝘯𝘴𝘵 𝘤𝘭𝘪𝘮𝘢𝘵𝘦 𝘳𝘪𝘴𝘬𝘴. 𝘛𝘩𝘪𝘴 𝘮𝘪𝘭𝘦𝘴𝘵𝘰𝘯𝘦 𝘳𝘦𝘢𝘧𝘧𝘪𝘳𝘮𝘴 𝘰𝘶𝘳 𝘤𝘰𝘮𝘮𝘪𝘵𝘮𝘦𝘯𝘵 𝘵𝘰 𝘪𝘯𝘯𝘰𝘷𝘢𝘵𝘪𝘷𝘦 𝘴𝘰𝘭𝘶𝘵𝘪𝘰𝘯𝘴 𝘵𝘩𝘢𝘵 𝘮𝘢𝘬𝘦 𝘢 𝘳𝘦𝘢𝘭 𝘥𝘪𝘧𝘧𝘦𝘳𝘦𝘯𝘤𝘦 𝘪𝘯 𝘵𝘩𝘦 𝘭𝘪𝘷𝘦𝘴 𝘰𝘧 𝘔𝘪𝘤𝘳𝘰𝘧𝘪𝘯𝘢𝘯𝘤𝘦 𝘣𝘰𝘳𝘳𝘰𝘸𝘦𝘳𝘴.” 🚀 How does our Heat Index work? Our Heat Index provides coverage for yield loss due to heat stress during critical summer months, using advanced satellite-based systems and data analytics. 📧 For more information or partnerships, send us a message at info@ibisa.network. #ClimateChange #Insurance #Agriculture #India #ParametricInsurance

Working in Karnataka? Then this one is for you! We have unraveled the New Gratuity Insurance Rules in Karnataka for 2024! Stay informed and compliant with the latest regulations affecting employers and employees. Click the link in bio to learn about the obligations, exemptions, and penalties under the Karnataka Compulsory Gratuity Insurance Rules 2024. #GratuityInsurance #KarnatakaRegulations #EmployeeWelfare #ComplianceMatters #FinancialSecurity #EmployerResponsibilities #EmployeeBenefits #RegulatoryUpdate #FinanceInnovation #BusinessOwners #FutureofFinance #BusinessSuccess #Entrepreneurship101 #FinancialRegulations #financiallearnings #B2Bfinancials #startups #SMEs #SMBs #financialservice #FinGurus #Startupinbangalore #advisorstoyourgrowthstory

The rest of the Wagmo team is up and at ‘em this Monday, hard at work… unless you’re Moscow. Then you’re not doing much of anything. 💤 HR professionals — we know Mondays can be a challenge. With #openenrollment season almost upon us, you’re probably ready for a good nap. Just like you take care of your team, let Wagmo take care of their pets with customizable wellness and insurance plans. #MondayMood #PetInsurance #PetWellness #PetCare #HR #HRTips

Transforming #Communities: How #Government, #NGOs, and #Insurance Join Forces for #Impactful Change Certainly! Let's explore how government support, government schemes, NGOs, and insurance work together to make a positive impact on communities: Imagine a small village where many families struggle with healthcare. The government decides to improve this by funding a new health clinic nearby. This clinic offers affordable check-ups and treatments. However, just building a clinic isn't enough. Non- Governmental Organizations (NGOs), like local health groups or charities, step in to help. They might organize health camps in the village or teach people about preventing Illnesses. These NGOs work closely with the clinic to make sure everyone gets the care they need. Now, let's say many farmers in the same village worry about their crops. Some years, bad weather destroys their harvests, leaving them with nothing. To solve this, the government teams up with insurance companies. Together, they create a plan where farmers can pay a small amount each year to insure their crops. If #disaster strikes-like a hailstorm damaging crops-the insurance company helps the farmers recover their losses. This makes farming less risky and gives farmers more confidence to invest in their fields. When these groups-government, NGOs, and insurance companies-work together, they make a big difference in people's lives. Families become healthier because they can afford medical care. Farmers feel safer knowing their hard work won't be lost to bad weather. These efforts don't just help individuals; they make entire communities stronger and more resilient. They show how collaboration can tackle big challenges and improve everyone's quality of life. #Strategy #business #insurance #ngo #government #community