The InsuranceTech Innovation Award
Insurance innovation is measured where the promise is kept — at claim. This category covers underwriting, distribution, servicing and claims, including the risk modelling and data work that sits underneath them.
- Independent jury
- 250
- Innovations evaluated
- 4,500+
- Star rating
- 1–5
- Running since
- 2010
Academics, scientists, officials, investors
Across seventeen editions
Every nominee earns an AGBA Innovation Star
India’s longest-running innovation award
Three categories share the balance sheet. This is the one about the promise.
Most nominations that fail here fail because they were in the wrong category. Read across before you write anything.
Innovation in InsuranceTech
Underwriting, distribution, servicing and claims, and the risk modelling underneath them.
This category
Innovation in FinTech
Payments, lending, wealth and financial infrastructure built as products.
Innovation in Banking
Lending, deposits, digital channels and core systems inside regulated institutions.
Who should enter
- Claims automation and settlement innovation with cycle-time evidence
- Underwriting and pricing work using new data or new methods
- Distribution innovation reaching customers who were previously uninsured
- Health, motor, crop, cyber and parametric product design
- Fraud detection and risk analytics with demonstrated recovery
What this award recognises is a promise kept at claim — a settlement that came faster, cover reaching people who had none, a price that reflected the real risk. Policies sold alone is not the case.
If the innovation is payments, lending or wealth, enter Innovation in FinTech. If it is healthcare delivery itself, read Innovation in Health and Life Sciences.
What the jury looks for
- Problem definition & market opportunityWhether the innovation solves a real problem, backed by evidence and a measurable impact on its target audience.
- InnovativenessNovelty and uniqueness — new technology, functionality or business model — measured against what already exists, including IP.
- Market potential & impactSize and growth of the addressable market, competitive landscape, and scalability across geographies.
- Social impact & sustainabilityContribution to society and the environment, including social responsibility and the UN Sustainable Development Goals.
These are the same four criteria — problem definition, innovativeness, market impact and social/sustainability impact — used to assess every category. In this category the jury also weighs the customer outcome at the moment of claim rather than the moment of sale, the actuarial and regulatory soundness of the approach, the reach in policies, lives or assets covered, and the evidence that the product performed as designed under stress. Read the full evaluation criteria.
Who judges this category
Nominations are assessed by an independent jury, not by the organisers. Jurors are matched to the categories where their expertise lies. These are among those who read insurance entries.
Prof. D. JanakiramDirector, Institute for Development and Research in Banking Technology (IDRBT), established by RBI
Joseph JoshyCTO, International Financial Services Centres Authority (IFSCA)
Dr. Nirupama KulkarniResearch Director, CAFRAL (promoted by the Reserve Bank of India)
Prof. Mridul Kumar SaggarFormer Executive Director, Reserve Bank of India
Tarun KhannaPartner, CX Partners
Anil JoshiManaging Partner, Unicorn India VenturesSix of roughly 250. The full panel spans the IITs, the IIMs, the IIITs, the Indian School of Business, NITI Aayog and central ministries, the Department of Science & Technology, MeitY and CERT-In. See the full jury panel.
The claim on the podium
Insurance has run as its own award across recent editions. These are among the most recent winners, photographed at the ceremony.
Previous winners
Insurance has been recognised under its own award in recent editions; each row carries the award actually won. The complete record sits in the winners archive.
Category names have changed across editions as the field has moved; the rows above are the closest equivalents in the published record. See the winners archive for the full 1st–16th edition history.
What happens after you submit
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Stage one · nowNomination registration
Register your company and category through the nomination process, then complete the detailed nomination form and processing fee.
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Stage twoJury presentation
Present the innovation to the jury and take questions. Jurors score each entry against the four evaluation criteria and rank it within its category.
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Stage threeStar Certification
Nominees are also assessed for AGBA Innovation Star Certification, an independent maturity rating alongside the category judging.
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Stage fourFinalists announced
Once every category has been evaluated, finalists are announced on the website ahead of the ceremony.
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Stage fiveAward ceremony
Winners are honoured on 18 February 2027 at Hotel Ashoka, Chanakyapuri, New Delhi.
Before you write your nomination
Are parametric and embedded insurance products eligible?
Yes. Both are explicitly in scope, including cover embedded inside a non-insurance product.
Can an intermediary or broker enter?
Yes, where the innovation is theirs and the underwriter’s involvement is disclosed.
What evidence matters most?
Claims-side behaviour — cycle time, settlement quality, grievance rates, performance under a stress event — with the comparison period stated.
How do I submit a nomination?
Nominations are submitted through the nomination process, which sets out the stages, the supporting material required and the current edition’s dates.
Put the claim in front of the panel
Nominations for the InsuranceTech Innovation Award are read by an independent jury of practitioners, academics and investors. Bring the claims data, not the policy count.