Industry underwriting profits jumped 34% year-on-year as property lines recovered from catastrophe losses, while cyber led premium growth and motor remained profitable.
Co-founded by former Tata AIG CEO Neelesh Garg, the Indian start-up is eyeing a broader product rollout, including commercial vehicle and group health offerings, in the coming months.
The Chinese EV maker will cover repair costs and compensation for accidents under its God's Eye assisted-driving system, and has pledged that claims will not raise policyholders' premiums.