Opinion | Insurance needs a digital model that works both for agents, consumers
A broad-based outlook of the Indian insurance sector reveals two fundamental trends. First, the traditional prominence of insurance agents, who play the vital role of handholding consumers…
Traffic violation to be linked to motor insurance premiums
Breaking traffic rules may affect your motor insurance premiums. Once this rule comes into effect, even the smallest of violations could affect the premiums. Soon you won’t just get away by paying…
Renewal of motor insurance sees significant increase
If you receive a message ‘Now you can be fined Rs 2,000 and/or put in jail for up to 3 months for driving an uninsured vehicle. Get insured now!’ on your mobile phone, don’t get surprised or…
RenewBuy to strengthen digital agency force
RenewBuy, a digital insurance broker, wants to ramp up its multi-company digital agency force to two lakh over the next three years, said its Chief Executive Officer Balachander Sekhar. This…
RenewBuy eyes Rs 800 crore premium in FY20
Insurance broking firm RenewBuy is targeting a premium of Rs 800 crore in FY20. The digital insurance platform that specializes in motor insurance apart from products like health, has recently…
Using tech and agents, how RenewBuy acquired 1M customers in four years
According to an annual report by insurance regulator IRDAI, insurance penetration in India is one of the lowest at 3.69 percent. Even after 19 years of privatisation, the industry has not reached…
Using tech and agents, how RenewBuy acquired 1M customers in four years
According to an annual report by insurance regulator IRDAI, insurance penetration in India is one of the lowest at 3.69 percent. Even after 19 years of privatisation, the industry has not reached…
RenewBuy raises Rs 130 crore from Lok Capital, IIFL
Digital insurance platform RenewBuy.com has raised Rs 130 crore ($19 million) in Series B round of funding led by Lok Capital, IIFL AMC. RenewBuy’s existing investor Amicus Capital also…
RenewBuy raises $19 million in series B funding round
Balachander Sekhar, CEO, RenewBuy.com, said the new round of funding will enable the company to accelerate its entry into newer geographies and augment its product portfolio. Insurance platform…