Tag: Adoption
Digital Adoption helps ACKO Auto Insurance Business Grow 120 percent Over One Year
Increasing digital adoption accelerated by COVID-19 has contributed to more than 120 percent increase in the number of auto insurance policies sold in Q1 FY 22 vs Q1 FY 21, by ACKO, a purely digital insurer. ACKO’s growth numbers highlight its digital-first approach from purchase to claims settlement that has put it in the lead position of being able to capture this change in purchasing behaviour, of a move to value-based purchasing and online shopping. ACKO has posted INR 81 Cr. in Gross Written Premium in the Q1 of FY 22, registering a growth of 1.16X for their auto business when compared ... Read more