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 can decode for her; value creation that a millennial can foresee, unlike preparing for death, accident or a major surgery.