IN A WORLD WHERE insurance has traditionally been a staid business, Riskcovry InsurTech set out to create a ripple. Chiranth Patil, Co-founder and Director of Riskcovry InsurTech, recognised the need for innovation and customer-centricity and harnessed the power of technology and data to reshape insurance into a more accessible, trustworthy and indispensable service.
With its ground-breaking platform and strategic partnerships, Riskcovry is poised to transform the insurance landscape, positioning itself as the catalyst for change in an industry ready for a revolution. In a recent interview, Patil shed light on the challenges before the insurance sector and the transformative role that technology can play in reshaping the industry, ushering in a new era of customer experience and accessibility.
A High-Trust Game
Patil emphasises that insurance is a high-trust game, where customers are more likely to purchase policies from sources they trust the most. “The challenge lies in building trust and ensuring that customers understand the value of insurance. So, there is a need for innovation in the space, particularly in a country like India where insurance penetration rates remain low despite being the most populous nation on earth. So, our vision was not to become just another digital distributor like Policybazaar or its equivalents. Instead, we aimed to empower any enterprise to become a policy bazaar and enable them to distribute insurance products to their customers seamlessly,” says Patil.
Bu hikaye Businessworld India dergisinin 29 July 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Businessworld India dergisinin 29 July 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
MEMORIES & IMPRESSIONS
Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.
The Robotaxi Market
The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.
And the Nobel Prize Goes to AI
The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.
Ola Electrified
Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.
Sharp Slide in Industrial Output on Eve of Deepavali
India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.
Heralding the Solar Era with Sustainable Electrification
RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more
A WELL-GREASED MACHINE
The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh
Disruption Ahead: Beyond Organisation Charts and Structures
ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.