No big bang

Will the ghost of Coverfox’s broken promises catch up to Acko?

General insurance companies have a legacy of lethargy. But at Acko, Varun Dua may be getting ahead of himself, yet again

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Click, Click, to insure against a stolen phone, a cab accident or even a runner’s knee injury. Snap, snap to claim it when things do go wrong.

Digital insurer Acko’s chief executive Varun Dua sold this vision to the investors to raise $30 million in May this year. It mustn’t have been hard for him. Fintech has shown promise, insurtech must not lag behind. Because when insurance and tech come together, two things happen. Simplicity for customers, unlike the pile of pages that only an insurance agent…

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