Page 5 - Insurance Times November 2020

General Insurance

News

Reliance General partners cessful execution of its crop insurance Moreover, customers can select zero-
business and has always relied on tech- depreciation as an add-on. They can
SatSure Analytics for crop
nology to strengthen its capabilities. make payments via wallets, UPI, or any
insurance biz "This partnership is in-line with our com- saved card and the policy will be

Reliance General Insurance said it has mitment as an organization to enable emailed within 2 minutes. A copy of
partnered with SatSure for satellite- financial inclusion of farmers by empow- the policy can also be downloaded
based crop monitoring and predictive ering insurance and finance institutions from ACKO's 'Your Orders' page.
analytics support to better risk man- with capacity, intelligence, and out- Rakesh Bhatt, CEO, Finserv MARKETS
agement and improve efficiency of its reach to service farmers," said Prateep enthused, "We are delighted to join
crop insurance business operations. As Basu, CEO of SatSure Analytics. hands with ACKO. This strategic part-
part of the partnership, RGICL will sup- nership helps curate our offerings in the
ply extensive ground observation data ACKO partners with Bajaj Motor Insurance space for digital na-
and generate timely reports through Finserv's subsidiary - tive users who want to insure their
SatSure Analytics' SAGE platform, vehicles in a touch-free and frictionless
combining the analysis of Earth Obser- Finserv MARKETS manner.

vation data, the company said in a re-
India's wholly digital general insurance At Finserv MARKETS, we have created
lease. provider, ACKO, has partnered with a best in class digital platform, pow-
It will help address the key areas of Finserv MARKETS, a FinTech ered by analytics and latest technolo-
crop health, soil moisture, crop sown aggregator, for offering two and four- gies, to help redefine how users can
area, crop yield estimation and crop wheeler insurance policies. ACKO Insur- compare, select and instantly avail a
loss estimation, the company added. ance can now be purchased by custom- financial product in one single journey.
"We are committed to invest in tech- ers for their cars or bikes on the Finserv With a growing community of users,
nology and innovation to make crop MARKETS platform. Finserv MARKETS is becoming the
insurance a success and our partner- marketplace of choice to avail curated
In partnership with Finserv MARKETS,
ship with SatSure is aligned with this ACKO has made the insurance buying offers across loans, insurance, credit
goal. It's a key step in our customer- experience transparent, intuitive and cards, investments and zero interest
centric approach for timely and effi- EMIs for lifestyle needs."
effortless. ACKO offers value added
cient insurance servicing while being services like hassle-free claims, zero Varun Dua, CEO, ACKO Insurance enun-
able to effectively and remotely moni- paperwork, one-hour pick-up, 3-day ciated, "Finserv MARKETS is a key stra-
tor the business risks," said Rakesh
assured claim servicing and 1-year re- tegic partner to sell our motor insur-
Jain, ED & CEO, Reliance General In- pair warranty in select cities. This is ance and will help us further our ob-
surance. coupled with the option for instant jective of delivering the best user ex-
The insurer said it is in 4th year of suc- cash settlements for low-value claims. perience. Through this partnership, we
The Insurance Times, November 2020 5