New Delhi: WRMS, a trailblazer in creating innovative and inclusive insurance solutions, proudly announces its recognition as the “Best InsurTech Company of the Year” at the esteemed India Insurtech Association’s Annual Event 2024. This accolade highlights WRMS Global’s unwavering commitment to revolutionizing the insurance industry through state-of-the-art technology and a steadfast focus on inclusivity.
The 2024 annual event convened over 900 professionals from the insurance, technology, health-tech, and insurtech sectors to delve into the theme “Pathways to Inclusive Insurance – A Vision for 2047”. This theme resonates with WRMS Global’s mission to empower communities and enhance the accessibility of insurance for all.
Adding a significant milestone to the event, a Vision Document on Parametric Insurance was launched. This document outlines a framework for Re/Insurance and InsurTech companies to develop and distribute parametric insurance covers. It aims to assist stakeholders in navigating challenges, building resilient communities, and mitigating the negative impacts of climate change. Designed to serve as a comprehensive handbook, the document provides valuable insights and guidance, enabling stakeholders in the Indian insurance industry to make informed decisions and optimize their strategies.
The event featured keynote speeches from distinguished dignitaries, including Shri Kalyanaraman Rajaraman, Chairperson of the International Financial Services Centres Authority (IFSCA), and Dr. Arvind Virmani, Member of NITI Aayog. Their insights on innovation, regulation, and the pivotal role of insurance in India’s development set the stage for meaningful discussions and collaborations.
Anuj Kumbhat, Founder and CEO of WRMS, expressed his gratitude, stating, “This award is a testament to the hard work of our dedicated team, the unwavering support of our partners, and the trust of the communities we serve.” Team members Neha Batra, Ashish Agarwal, Sarathy Srinivas, and Alongbar Brahma also conveyed their appreciation, underscoring the collective efforts that led to this significant achievement.
Central to the event was a shared commitment to addressing the challenges within the insurance sector and identifying opportunities for impactful change. WRMS’s leadership team emphasized, “The conversations sparked at this event reaffirmed the importance of collaboration and innovation in addressing shared challenges. Together, we are building pathways to a more inclusive insurance ecosystem.”
This recognition comes at a pivotal moment for WRMS, as the company continues to spearhead innovation. By leveraging advanced data analytics and improving access for underserved populations, WRMS Global is shaping the future of insurance for a digital-first and inclusive world.
About WRMS
Founded in 2004 and incubated by IIT Kanpur, WRMS brings two decades of expertise in climate risk management, offering innovative and tailored solutions across multiple sectors. Partnering with organizations like SIDBI, IIT Kanpur, UPL, ILO, UNCDF, WFP and the Ford Foundation, WRMS has successfully delivered customized solutions and advisories on international projects through its SecuRisk platform and subsidiary Ingen Technologies Private Limited. Operating in over 20 countries globally, WRMS serves a diverse client base with a team of over 350 experts dedicated to addressing climate-related challenges.
Website – https://wrmsglobal.com/index.html
