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Digit Insurance to focus on the Karnataka market, opens up their second office in Bangalore

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Bengaluru, India, January 16, 2020- Digit
Insurance, a new-age general insurance company, which aims to “Make Insurance
Simple”— announced to open their second office in Bangalore, Karnataka. This
move was taken to increase their growth in Karnataka, which is an important
market. Karnataka alone has witnessed 2X growth in the last year and has
contributes a sizeable chunk to the overall revenue.
Digit Insurance has clocked over Rs.1600
Cr in FY19-20 (Apr – Dec), and has launched over 20 products in the last 18
months. The Company has been using simplicity as its biggest differentiator and
technology as an enabler to achieve its milestones.

Jasleen Kohli, Chief Distribution
Officer, Digit Insurance said, “Our distribution philosophy is to be present
wherever the customer seeks protection. The backbone of our distribution
therefore is our strategic partner network which contributes to more than 80%
of the business. And this new office is an attempt to fortify this network,
especially in the Karnataka region, where we have a substantial number of
partners. Karnataka as a market contributes majorly to our business and
therefore this also increases our focus on its further growth. We thank all the
partners who came for the opening and would say we are looking forward to
growing with you.”

Digit has a complete portfolio of
products, from motor to travel to mobile to now health insurance. It has network
managers in 150 + cities, 1000+ network garages and is spread in 36 offices in
major cities like Bangalore, Mumbai, Pune, Kolkata etc. as on 31st December
2019.

Being one of the 1st insurance companies
to be fully on cloud, the company relies on a well-designed and customized
tech-stack that leverages a combination of advanced technologies like machine
learning, AI, and offers a frictionless experience to its customers. Not just
for the end customer, Digit also works with partners to bring digitization to
their processes. For example, a tool was recently facilitated for partners to
help them manage their profit portfolio with a simple excel.

TECHXLR8 Asia