New Delhi — November 6, 2025: Indian insurtech leader Policybazaar has launched reinsurance operations in Sri Lanka, Qatar, Oman, and the United Arab Emirates, expanding its digital-first platform to meet growing demand for modern risk and reinsurance solutions across South Asia and the Gulf.
The move reflects Policybazaar’s strategy to bring data-driven transparency, faster decision-making, and digital efficiency to emerging markets that are rapidly modernizing their insurance ecosystems. The platform’s reinsurance module facilitates facultative and treaty placements across multiple lines — including property, marine, liability, cyber, and climate-related risks — with enhanced speed and data visibility for both insurers and risk carriers.
According to the company, the expansion is timely as regional markets show accelerating growth. In Sri Lanka, gross written premiums rose to LKR 280.1 billion in 2023, marking a 40% increase since 2019, fueled by rising demand for cyber coverage. The Gulf region, particularly Qatar, Oman, and the UAE, continues to advance toward digitally integrated insurance frameworks, presenting strong opportunities for scalable reinsurance models.
Tarun Mathur, co-founder and Chief Business Officer for Corporate Insurance and Reinsurance at Policybazaar, said:
“Reinsurance has long been driven by legacy networks rather than innovation. Today’s insurers face climate volatility, cyber threats, and economic uncertainty — they need partners who bring clarity, speed, and data-led decisioning, not just capacity.”
Policybazaar’s expansion follows record performance in India’s health insurance sector, where persistency rates and premiums have surged. The company aims to leverage its AI-enabled and analytics-based reinsurance model to strengthen regional resilience against complex risks while aligning with the broader digital transformation agendas of South Asian and GCC markets.
