Digit Insurance, on a mission to make insurance simple, has received the award, ‘Insurance Start-up of the Year – India’ at the fifth edition of the prestigious Insurance Asia Awards 2020. The company has received this award in recognition of its efforts in offering simplified insurance solutions and seamless customer experience enabled by technology.
The awards were held virtually for the first time this year due to the pandemic and recognitions were handed via a visual presentation to the winners. Seventy-five insurance companies from 22 countries in the Asia Pacific region were awarded in this year’s programme.
Mr Kamesh Goyal, Founder and Chairman, Digit Insurance, said, “We are honoured to have received the ‘Insurance Start-up of the Year – India’ award in the Insurance Asia Awards 2020. We have a great team of enthusiastic individuals & partners whose persistent efforts have brought us this accolade.”
This year’s awards from the Insurance Asia Awards 2020 aims to recognise insurance firms that can navigate around various market challenges while keeping clients satisfied and maintaining revenue.
In just three years of operations, Digit Insurance has gained 1.54 per cent market share and has also insured more than 90 lakh customers (as on 30th June 2020). Digit Insurance also is the highest rated insurance company on Facebook with a 4.9 rating out of 5 (as on 9th June 2020).
About Digit:
Go Digit General Insurance Limited is a new-age general insurance company started by Kamesh Goyal and backed by the Fairfax Group, one of the largest financial services groups in the world.
The company has raised three rounds of funding amounting to $140 million from Canadian billionaire Prem Watsa’s Fairfax Financial Holdings and $84 million from three growth equity investors— A91 Partners, Faering Capital and TVS Capital. This combined investment would bring Digit’s total funding to $224 million, one of the largest funding rounds in the Indian General Insurance space. Digit has an NPS score of 87 per cent.
Headquartered in Bengaluru, Digit has partnered with some of the leading companies like Cleartrip, Sterling Holidays, SOTC and Policy Bazaar. Digit Insurance has recently won ‘General Insurance Company of the Year 2019’ award at Asia Insurance Review Awards, Singapore.
During the ongoing pandemic, Digit Insurance has been able to service a number of commercial and industrial establishments and secure their employees and customers through relevant health insurance solutions. It has also featured in the Top 25 Indian Startups Lists by Linkedin in 2018 and 2019 and was in CB Insights’ top 250 fastest growing fintech companies globally list in 2018. Digit is the highest rated general insurance company on Facebook with 4.9 rating from around 7000 followers.