India is second largest smartphone market (ahead of US)
+ Insights on motor insurance business model..and more!
Hey there!
Hope you are having a great Monday! Here goes today’s newsletter - which is a mixed bag of insights from different industries.
As always, if you like what you are reading - press the ‘heart’ button (else, hit the reply button to share your feedback).
Here we go..
India is now the second largest smartphone market in the world; Surpasses US in Shipments
The India smartphone market surpassed the USA for the first time on an annual level, becoming the second-largest smartphone market globally, reaching 158 million shipments in 2019 with 7% YoY growth
Why Remote Work is the next Operating System for Capitalism
Remote work means the unbundling of city life
To understand ‘why now?’ it’s not enough to reflect on the historical precedent of what’s occurred previously. You need to inject modern technology and analyze what’s possible now that wasn’t before.
To continue doing anything because it is the way things have always been done is insane.That feels like office work and city living today.
Motor Insurance Industry in India: The business model and gaps [#ThreadMill]
Thread on business model / food chain of the motor insurance industry and disruption opportunities.
Motor insurance in India was a ~$8B premium market in FY17-18. Of this, ~$4M came from private car insurance (Car), ~$3B from commercial vehicles (CV) and ~$1B from 2-wheelers (2W)
Your CIBIL Score: Whose Bill is it anyways? #Blackbox [#TheThreadMill]
Your CIBIL score is often a black box. The thread by Arun Panicker nails it hard.
The Future of Fintech is in Re-bundling
Every company is a fintech company. Digital finance will reshape every company that has a repeat consumer financial interaction. Insurance, retail, services, and more will all seek to differentiate by offering financial products.
RBI: We did not ban virtual currencies, but just ringfenced the banks
The Reserve Bank of India has said in a court filing that it had “ringfenced” financial institutions from dealing with digital assets over perceived risks, but hadn’t banned cryptos.
“Firstly, the RBI has not prohibited VCs (virtual currencies) in the country. The RBI has directed the entities regulated by it to not provide services to those persons or entities dealing in or settling VCs. … The RBI has been able to ringfence the entities regulated by it from being involved in activities that pose reputational and financial risks along with other legal and operational risks.”