In this episode of FS Brew, Vidya and Renjit speak with Shwetank Verma, an early-stage venture investor in India and Southeast Asia with Leo Capital. They discuss the trends and challenges facing the Insurtech industry, as well as how Leo Capital evaluates startups for investment.
Shwetank begins by talking about his background in Insurtech. He co-founded the Indian Insurtech Association in 2020, and he is also a partner at Leo Capital, a venture capital firm that invests in early-stage Insurtech companies.
Shwetank says that the Insurtech industry is ripe for disruption. He points to the fact that insurance is a \$5 trillion industry that is still largely offline. He also says that there are a number of new technologies, such as artificial intelligence and machine learning, that have the potential to revolutionize the industry.
Shwetank then talks about how Leo Capital evaluates startups for investment. He says that the firm looks for two things: a strong founding team and a large addressable market. He also says that Leo Capital is particularly interested in startups that are using technology to solve real-world problems.
Shwetank concludes by saying that he is excited about the future of Insurtech. He believes that the industry is on the cusp of major change, and he is eager to see how new technologies can be used to improve the way insurance is delivered.
Here are some key takeaways from the episode:
* The Insurtech industry is ripe for disruption.
* New technologies, such as artificial intelligence and machine learning, have the potential to revolutionize the industry.
* Venture capitalists are looking for strong founding teams and large addressable markets when evaluating Insurtech startups.
* The future of Insurtech is bright.
