Insurance plays a fundamental role in the economies of nations worldwide. Protecting the future earnings of individuals, companies from uncertainties, and risks fastens a nation’s gross domestic product (GDP) [1]. The second decade (2D) of the current century (2D/twenty-first century) has witnessed a revolutionary disruptive technological advancement, innovative strategies, and financially engineered models in the marketing of insurance products across the insurance sector worldwide. Some of these technologies and advancements are named as “FinTech, InsurTech, Blockchain Technology, Cryptocurrency, Robotics, Cloud Technologies, Data Science, Data Analytics, Big Data, Financial Engineering, ICTs (Information and Communication Technology), IoT (Internet of Things), AI (Artificial Intelligence), Machine Learning, Mobile Phones, Social Media sites, and Drown Technologies” [2]. To list and to explain these major disruptive technologies of the sector is the main purpose of this research work. The main focus is to study the specially designed financial engineering models in the process of insurance marketing. To conclude, the detailed role of financial engineering applications in the design, development, and execution of marketing models in the insurance sector is discussed. Descriptive-cum-exploratory research methodology is used.