Equalisation Levy – Would it impact Foreign insurtechs
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- Last Updated on 10 September, 2021
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Bahroze Kamdin -Partner, Deloitte India – [2021] 130 taxmann.com 106 (Article)
Over the last decade, information technology has grown expotentially across the globe, leading to a boom in the demand for digital services. This has also stimulated the insurance sector, whereby new business models are being developed placing heavy reliance on digital and telecommunication platforms. Technology and innovation are hence reshaping the insurance industry.
One such business model which envisions touching consumer convinience and experience is the business of Insurance Technology – commonly known as ‘Insurtech’, an extension of Fintech (Financial Technology) and Regtech (Regulatory Technology).
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