--- title: "With which organization has GIFT City collaborated to promote financial technology in the insurance sector?" description: "With which organization has GIFT City collaborated to promote financial technology in the insurance sector?" author: "Lily Chitlangiya" published: 2022-02-22 updated: 2024-02-06 canonical: https://answers.mindstick.com/qa/96054/with-which-organization-has-gift-city-collaborated-to-promote-financial-technology-in-the-insurance-sector category: "current affair" tags: ["current affair", "organizations", "collaborated", "insurance"] reading_time: 2 minutes --- # With which organization has GIFT City collaborated to promote financial technology in the insurance sector? With which organization has [GIFT](https://www.mindstick.com/articles/12974/valentine-s-day-flower-and-gift-guide) City collaborated to [promote](https://www.mindstick.com/news/2338/elon-musk-claims-that-twitter-will-work-to-promote-citizen-journalism) [financial technology](https://www.mindstick.com/articles/336665/top-10-india-s-best-fintech-companies-in-2024) in the [insurance](https://www.mindstick.com/articles/54967/health-insurance-in-germany-who-can-benefit-from-private-health-insurances) [sector](https://yourviews.mindstick.com/view/81548/banking-sector-set-to-change-in-corona-pandemic)? \ ## Answers ### Answer by Stuti Gupta The **India InsurTech Association (IIA)** has partnered with GIFT City, the **[country's](https://answers.mindstick.com/qa/96037/military-ruler-gen-min-aung-hlaing-belongs-to-which-country)** **first international [financial](https://www.mindstick.com/articles/23324/9-ways-to-improve-your-business-s-success-rate) services center (IFSC)**, to promote financial [technology](https://www.mindstick.com/articles/43990/4-reasons-why-startups-should-invest-in-good-technology) in the insurance business. The IIA is a non-profit organization dedicated to developing India's technology-driven insurance industry. \ ![With which organization has GIFT City collaborated to promote financial technology in the insurance sector?](https://answers.mindstick.com/questionanswer/11d37d16-0482-4906-8a61-f632321d4c74/images/6a94bba5-2412-4583-b333-bfb74df58361.jpeg)\ \ In a statement, the country's first operational smart city said the two organizations will engage in fostering thought leadership in the sector of insurance and raising awareness about **GIFT City** among **[Indian](https://answers.mindstick.com/qa/96043/in-which-city-indian-institute-of-heritage-will-be-set-up-by-the-government)** and overseas insurance companies. The collaboration will include events, information series, seminars, and conferences to raise awareness about **GIFT-IFSC.** \ **Also Read: [Which organization has RBL bank partnered with to strengthen its AI-powered banking solutions?](https://answers.mindstick.com/qa/96053/which-organization-has-rbl-bank-partnered-with-to-strengthen-its-ai-powered-banking-solutions)** \ In addition, the two organizations will work together to develop regulatory sandbox projects for the GIFT-IFSC, which will benefit insurance technology **start-ups, reinsurance companies, politicians, service providers, and individuals.** 'One of the most important cornerstones of the worldwide financial **[services](https://answers.mindstick.com/qa/95806/which-nation-flagged-off-direct-shipping-services-to-europe)** ecosystem is insurance.' 'With this relationship with IIA, we can aspire to be a thriving center for world-class insurance goods and services and stimulate innovation in the market,' said **GIFT City Managing Director and Group CEO Tapan Ray.** \ **Also Read: [Who are the two silver medal winners from India in Tokyo Olympics?](https://answers.mindstick.com/qa/96042/who-are-the-two-silver-medal-winners-from-india-in-tokyo-olympics)** **\** As part of the deal, the IIA would work directly with the **GIFT-SEZ** on several fronts, such as bringing international insurance businesses, Indian insurance firms, and insurance professionals to the **GIFT City**. 'Through this collaboration, our goal is to assist worldwide financial businesses in providing top-notch financial services,' says the Association, which will promote **innovative digital [business](https://answers.mindstick.com/qa/95511/airasia-group-of-which-country-has-changed-the-name-of-its-listed-holding-company-to-capital-a-to-reflect-the-diversity-of-its-business-portfolio) models and foster collaboration** between start-ups and all other **insurance industry participants.** --- Original Source: https://answers.mindstick.com/qa/96054/with-which-organization-has-gift-city-collaborated-to-promote-financial-technology-in-the-insurance-sector Copyright © MindStick Software Pvt. Ltd. This Markdown version is provided for developers, AI systems, and offline reading.