Policybazaar for Business expands reinsurance to Middle East

September 4, 2025 • FinTech News

Policybazaar for Business, the B2B division of Indian InsurTech giant Policybazaar.com, has launched reinsurance operations in four new markets. The company is now offering services in the UAE, Qatar, Oman, and Sri Lanka. This expansion significantly grows their digital-first risk management platform across the region.

This move makes Policybazaar one of the first India-based intermediaries to introduce a technology-driven reinsurance model internationally. The expansion addresses growing regional demand for digital efficiency and transparency in insurance services. According to Gulf News, the platform combines data analytics, actuarial insights, and digital tools to support better decision-making by insurance companies.

Comprehensive Risk Coverage and Digital Efficiency

The service covers important risk categories including property, marine, liability, cyber, and climate-related risks. By simplifying different types of reinsurance deals, the platform reduces inefficiencies in the process. This enables faster policy placements and improves transparency for all parties involved. Furthermore, this approach helps address capacity shortages, ensuring insurers can better manage complex and changing risks in dynamic markets.

Policybazaar for Business aims to create a widespread reinsurance network across Asia and the Middle East. This expansion strengthens their technology-driven presence in emerging markets. It also highlights a broader industry trend where digital-first reinsurance models are transforming traditional practices, especially in regions that value innovation and flexibility.

Leadership Vision and Market Impact

Co-founder Tarun Mathur explained their strategic focus: “We’ve built a digital-first reinsurance system that reduces friction and provides transparency. Our platform allows insurers to make faster, data-driven decisions. Markets like the UAE are dynamic and open to innovation. Our platform will help insurers manage complex risks more efficiently.”

With this expansion, Policybazaar for Business positions itself at the forefront of digital transformation in reinsurance. The company is bringing innovative solutions from India to high-growth international markets, bridging technology gaps in the insurance industry. This move represents a significant step in modernizing reinsurance practices through digital innovation and data-driven approaches.