Page 5 - Insurance Times November 2020
P. 5

General Insurance


         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
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