Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Mr. Piyush Goyal, stated that India-US economic relations are driven by the common interest of promoting sustainability, emerging technologies, globally resilient supply chains, and small businesses.

Prime Minister Mr. Narendra Modi said that the Tier 2 and Tier 3 cities are becoming economic hubs, and that efforts should be made to build industry clusters in those locations.

Zopper, an insurtech platform, has raised US$ 75 million in its Series C funding round led by Creaegis, with participation from ICICI Venture and Bessemer Venture Partners.

The Indian life insurance sector grew at a CAGR of 11% during 2017-22, according to a report by Benori Knowledge.

Insurtech startup Ensuredit has raised US$ 4.2 million in a Pre-Series-A round led by Cover Genius, 9Unicorns, NexStep Discovery, CP Ventures, Venture Catalysts and IPV.