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Prerak Sethi
InsurTech | Data | Insurance
Prerak Sethi is an accomplished professional known for his innovative approach to insurance by blending Insurance and Tech+Data expertise. He holds an MBA in Finance and Entrepreneurship from Northwestern University's Kellogg School of Management, a BSE in Computer Engineering from the University of Michigan, and received his earlier education at Delhi Public School - R. K. Puram. Prerak has an extensive history of involvement in various organizations, having held key positions such as Co-Founder at India Insurtech Association, Founder at RIA Insurance, Founder & CEO at Aksa Insights, Founder at RoomStory.com, Treasurer at Kellogg Alumni Club of India, Consultant at ZS Associates, Summer Associate at ZS Associates, Advisor at www.healthinsuranceindia.org, Consultant at Deloitte & Touche, LLP, and Advisor at RIA Insurance Brokers.
Highlights
The India Insurtech Association hosted the India Insurtech Dialogue and Gala Night in collaboration with The Fintech Meetup last Tuesday. We had a great turnout of InsurTech and FinTech professionals, great panels, and tons of networking.
Two major themes of collaboration between FinTechs and InsurTechs for the next two years are:
- Theme 1: A number of Indian FinTechs are getting into insurance distribution
- Theme 2: Indian FinTechs are going to shape insurance product design to build more contextual products for their customers
To bring together the FinTech and InsurTech ecosystems to collaborate, the India Insurtech Association is committed towards a few different initiatives:
Common Data Standards - Build common data standards and data interfaces between Insurance and Payments, Lending, WealthTech, etc. so that there is a seamless exchange of data
Leveraging Digital Public Infrastructure - the insurance industry can work jointly with FinTechs to leverage the existing investments in digital public infra to remove friction points for insurance customers in KYC, Claims, UW, etc.
Insights and Networking - by bringing together stakeholders from both eco-systems, we believe that we can unlock innovation, remove product and journey friction, and drive partnerships
Shwetank Verma Subhajit Mandal, CFA Khushboo Aggarwal Abhishant Pant Ishan Shah Dilip Asbe Abhishek Rungta Priyesh Pandey Sunder Krishnan Hero Choudhary Jose Thattil Vipul Agarwal Anjani Kumar amitabha ray Shanai Ghosh Vamsi Madhav Arindam Ghosh Shweta Anand Yogesh Agarwal Anubhab Goel Dawood Siddiqui Abhilasha Singh AMIT MUKHERJEE Rahul Mishra
Got a chance to speak on Innovation in Insurance at the Swiss Re office in BLR on the occasion of Actuaries Day.
Was amazing to hear the fellow panelists on innovation in insurance products (and where it can come from), impact of IFRS 17 on the insurance sector, way forward on EB and pension schemes, and the role of emerging technologies (like AI) on product design and pricing!
BTW - the Swiss Re office in BLR is amazing and the team members that I met were incredibly insightful!
Sumit Ramani Lawrence Tsui Kailash Mittal, FIA, FIAI Sonia Thareja Preeti C. Amit Kalra Anshuman Anand Karen Tan Megha Garg Shantanu Priya Senthil Ramanan FIA, FIAI Dr. Rajesh Dalmia Suruchi Bhargava (F.I.A, F.I.A.I) Saigeeta Bhargava Kashish Taneja RIA Insurance India Insurtech Association
