MCP Server to Power AI-Driven Distribution
FinTech BizNews Service
Mumbai, June 03, 2025: In a significant leap forward for the insurance sector, Riskcovry, India’s
leading insurtech infrastructure platform, has launched the country’s first Model Context Protocol
(MCP) server for India's insurance sector. A dedicated infrastructure designed specifically for
insurance distribution use cases, the MCP server allows enterprise-grade AI agents to seamlessly
interact with the complex distribution infrastructure of insurance products across motor, health, and
general insurance.
For banks, brokers, and insurance distributors, insurance distribution has long been an intricate
maze of operational systems, fragmented data, regulatory demands, and human-led advisory. The
MCP server introduces a new layer of abstraction that makes these workflows plug-and-play for AI
agents employed by Insurance distributors.
By enabling enterprise AI agents to access real-time insurance infrastructure via natural language
queries, the MCP server transforms how insurance is sold, searched, and serviced. Trained on an
enterprise’s own product nuances and workflows, these agents can instantly generate quotes,
compare policies across insurers, facilitate secure transactions, and issue policies, all while
preserving the regulatory and operational rigor the industry demands.
“An MCP server focused on solving for insurance distribution, representing a next-generation
integration layer, effectively makes insurance plug-and-play cutting-edge AI agents” said Asif CH,
CTO of Riskcovry.
While the server’s capabilities are technologically advanced, the human element remains critical.
Insurance continues to be a promise-based, trust-led industry, where people in the ecosystem play a
crucial role. The MCP server does not replace that role, it augments it. Human-in-the-loop models
will continue to play an essential part in assisted, embedded, and DIY distribution channels, ensuring
that high-integrity advisory is not lost in automation. This development aligns with the larger vision
of IRDAI, i.e. ‘Insurance for All by 2047’.
The platform is LLM (Large Language Models) agnostic, compatible with OpenAI, Google Gemini,
Anthropic Claude, and other enterprise-grade systems across multiple languages, and is designed to
embed natively within the AI infrastructure of banks, brokers, and distribution partners. MCP’s
client-agnostic nature allows it to blend into their customers existing AI infrastructure while
supercharging it with insurance-specific intelligence and interoperability. Thus empowering and
transforming their insurance operations, achieve greater efficiency, and deliver significantly
enhanced customer experiences through conversational insurance.
“We are committed to providing a platform that not only simplifies the distribution process but also
empowers our existing partners to deliver exceptional, AI-driven experiences to their end customers,”
added Asif. “We welcome all insurance distributors, brokers, and banks to build on this open
infrastructure and contribute to realizing the vision of Insurance for All by 2047, as outlined by IRDAI
and the Government of India.”
