back Back

Agam Capital, American Equity Life & Fintech Blue Solutions to offer life insurance product in India

By Gloria Mathias

September 21, 2023

  • Agam Capital
  • American Equity Life
  • Financial Dignity Company of America
Share

Agam Capital, Fintech Blue Solutions, American Equity Life, India, Insurance, Partnership, InsurTech, India Expansion, Life Insurance solutions, Retirement solutions, Investments, Insurance solutionsAgam Capital, a global platform for insurance analytics, and American Equity Life, a provider of annuity and retirement products, have announced their plans to launch the next-generation life insurance company in India.

This innovative collaboration harnesses Fintech Blue’s tech-enabled distribution expertise in India, Agam’s cutting-edge pALM analytical platform, and American Equity’s strength in capital and retirement services. The result will be a distinctive entrant into India’s thriving market for life insurance and retirement products. American Equity Investment Life will be the anchor investor in the partnership.

Chak Raghunathan and Avi Katz, co-founders of Agam Capital, stated, “Our partnership with AEL and Fintech Blue Solutions is a watershed moment enabling the founding Partners the opportunity to combine their unique competitive skills to launch a next-generation life and retirement platform.”

Anant Bhalla, Chairman and Chief Executive Officer of American Equity, said, “As one of the largest US players in the retirement annuity space, we are known as the Financial Dignity Company of America with over $50 billion of retail client assets under management. We are proud to partner with Agam to provide both capital and our expertise in both insurance and asset management to this new venture in India. We believe that the market has arrived on the global stage, and this is a pivotal time to enter the insurance and retirement space in India, in a differentiated manner.”

Anand Prabhudesai, Co-Founder of Fintech Blue Solutions, said, “India stands at a pivotal moment in the insurance sector, and this partnership is our commitment to expanding the array of choices available to consumers. We are immensely proud to empower Agam and AEL on this transformative journey.”

The proposed insurance company is projected to launch in the coming months. The company will have a branding and product development strategy to bring innovative life, and retirement products to the Indian market in an efficient manner. The partners aim to expand and enhance customer options with the goal of bringing financial dignity and planning to its customers.

Previous Article

September 21, 2023

4 FinTechs empowering African SMEs for financial inclusion and growth

Read More
Next Article

September 21, 2023

Saxo Bank announces open banking partnership with Mastercard

Read More






IBSi Daily News Analysis

Data privacy

July 16, 2024

Agam Capital

Rise in sophisticated attacks, state-level threats, and increased ransom DDoS Incidents

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

9Spokes unveils ‘Automated Cashflow Tool’ for financial organizations

Read More

Today

Invest Blue taps GBST for its WealthConnect practice management solution

Read More

July 16, 2024

Wealth managers grapple with long client onboarding times, study shows

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024