We’ll continue to focus on protection, mainly term insurance, while also planning to develop pensions and annuities to tackle longevity risk before shifting to savings, Goenka says
The insurtech unicorn had entered the retail health insurance segment in March 2023. Last year, the firm had acquired digital health platform Parentlane, which operates in the maternity and child health space.
Varun Dua will continue as the CEO of Acko Technologies, the parent company of Acko General Insurance.
In Episode 4 of PitchCraft, we shine the light on Acko, a unicorn in the insurance tech space. We comb through Acko's pitch deck with its Founder Varun Dua and one if its early backers, Abhinav Chaturvedi of Accel. Watch how Acko went from idea to deck to unicorn and the key elements that helped it hold its own in a regulated industry with large insurers.
With this, the third season of Shark Tank India is set to have 12 judges on its panel -- almost twice the number of its previous seasons.
The partnership, which is expected to accelerate the adoption of electric vehicles in the country, will help optimise the battery insurance and financing costs for the customers, Lohum said in a statement.
The losses of five fintech unicornrs widened 1.2-5.5 times in FY 22 over FY 21, with PhonePe reporting the biggest loss of Rs 2,013 crore
This New York based company is strategising to lead a new financing round of close to $100 million in Acko
Founded in October 2020 by Ruchir Kanakia and Shreyans Maini, OneAssure's platform is an insurance marketplace selling health insurance and other related services. The startup says it is on track to achieve Rs 7.50 crore in premiums processed by the end of FY21
Indian insurtech players are set to benefit from the huge opportunity that the country’s underpenetrated market provides. Digital insurance players are making it easier for customers to understand and buy insurance within IRDAI’s regulatory framework.
The fundraise that valued the company at $1.1 billion was led by General Atlantic and Multiples Private Equity. Acko said it plans to scale its team and invest over $150 million in its health business.
Customers can use Amazon Pay balance, UPI, or any saved card to make payments.
By using computer-vision platforms, these firms also help insurance firms to assess damage and measure the extent of the problem by looking at the images
Insurance to be offered as a separate category on the home screen.
The company will target young audience who are comfortable with online transactions.
