Building Resilient Businesses: Why Insurance Matters for India’s SMEs

Abhijit Roy, Regional Manager, Ahmedabad, The New India Assurance Company Limited, shared important insights into the ever evolving role of insurance in strengthening India’s SME ecosystem, speaking at a Fireside during ET Business Growth Summit, AhmedabadAs businesses navigate climate risks, geopolitical tensions, supply-chain disruptions and other emerging threats, insurance is moving beyond being a compliance requirement to becoming a strategic tool for business continuity, security in times of uncertainty, and growth.The conversation explored how insurance can help protect livelihoods, income, assets and business continuity, while supporting entrepreneurs through unforeseen risks.The discussion also navigated through tailored insurance solutions for SMEs, women-led enterprises and the role of insurers in complementing government initiatives. For India’s growing businesses, resilience is not just about managing risk, it is about creating the confidence to sustain, expand and compete.