Go Digit Bags the title of 'Asia's Best General Insurance Company of the Year'
Published On 14 Nov 2019 By Sakshi Aggarwal
Digit Insurance is one of the fastest growing general insurance companies in India that is ‘making insurance simple’ in the country. The insurer has won the title of “General Insurance Company of the Year in Asia” at the reputed Asia Insurance Industry Awards held on 29th October 2019 in Singapore. The company owes this award to the efforts it had put in making purchasing and claiming insurance products easy in the country.
The youngest winner in this category, Digit began operating only 2 years back. The Award ceremony witnessed around 50 insurers, risk managers, brokers, service providers, and industry leaders who made it to the list of finalists out of over 800 entries in all.
The Founder and Chairman of Digit Insurance, Mr. Kamesh Goyal said, “We are deeply humbled that within 2 years of operations, we have received one of Asia's most prestigious awards for an insurance company. This award is a testimony that the mission of simplicity we are on, is indeed changing people's lives and revolutionizing the insurance industry. This win coincides with 2 years of our first policy sold. Today, we stand with the trust of 50 Lakh happy customers and that too with the industry's highest NPS score of 74%. It’s celebration time at Digit!”
Awards are desired recognition for being an outstanding player in the market. They are being hosted every year since 1997.
Digit has gained 1 per cent of market share in only 2 years of operations in India as on September 2019. It has provided insurance cover to over 50 Lakh customers and has been successful in settling over 1 Lakh claims.
A new general insurer, Digit was started by Kamesh Goyal and supported by the Fairfax Group. Fairfax Group is one of the biggest financial services groups across the globe. The insurer has rounds of funding worth $140 million from Canadian billionaire Prem Watsa’s Fairfax Holdings, which is the largest insurance investment companies and is operative in 30 countries in the world.
Digit is headquartered in Bengaluru and has partnered with some popular companies including Sterling Holidays, Cleartrip, Policy Bazaar, and SOTC.
Apart from this, the company was featured in the list of Top 25 Indian Startups in the years 2018 and 2019 by LinkedIn. It has also been featured in CB Insight’s top 250 fastest-growing fintech companies across the world in 2018.