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BFSI: Backbone of the Indian Economy

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BFSI: Backbone of the Indian Economy

Rachita Sharma, Managing Editor, 0

Finance is the blood that runs in the veins of a nation’s economy. Powering economies, the BFSI sector is a critical element for the Indian economy as well. Regulated by the Reserve Bank of India (RBI) and the Insurance Regulatory and Development Authority of India (IRDAI) respectively, the banking and insurance fields are under constant evolution, owing to various factors.

As the per capita income increases in India and awareness of banking and finance products rises, the BFSI sector in India is expanding consequently. The industry is also experiencing massive disruption owing to technological evolutions. With new technology trends gaining traction, investing has become easier. Another key factor supporting Indian BFSI sector’s growth is the support rendered by government policies and initiatives to strengthen financial literacy and access to financial instruments.

The key focus is on inclusive growth and the future of Indian BFSI sector looks bright.
One such name is Gagandeep Singh Marwah, COO, Health Assist Insurance TPA. He combines analytical rigor with people-first approach to strengthen accessibility and affordability of health services. Leveraging years of expertise, he continues to shape the health insurance industry by creating empowering systems for individual and communities. Forging connections and fluidity in process, Gagandeep amalgamates healthcare with awareness, affordability, and accessibility as a right and not just a privilege.

Another one of the featured leaders is Sanket Rajani, Founder Director and COO, Intact Insurance Brokers. Sanket is redefining risk management and client engagement in India’s insurance landscape through innovation, transparency, and long-term value creation at Intact Insurance Brokers. A strongly revered figure in the insurance fraternity, Sanket is known for his strategic acumen, leadership excellence and industry credibility.

Joining the coveted list is also Puneet Gehani, Chief Business Officer at Gallagher. One of the leaders, whose journey reflects both depth of industry understanding and adaptability to change., Puneet’s career in the insurance sector spans underwriting and broking.

Featured in in-depth interviews, these leaders from the Indian BFSI industry share insights on their journeys, thoughts on the industry’s evolution and much more.

Read on and do let us know your thoughts.

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