InsuranceDekho on Wednesday announced the launch of InsuranceDekho for Corporate, marking its entry into India’s corporate and enterprise insurance segment. The new business will focus on commercial risk and insurance solutions for large organisations, the Insurtech said.
As part of the launch, the company has elevated Ranjeet Singh, formerly business head for retail at InsuranceDekho, as CEO of the new corporate vertical.
Singh has over 25 years of experience in the insurance industry. Prior to joining InsuranceDekho, he spent 11 years at Future Generali India Insurance as North Zone retail head. He has also held senior roles at IFFCO Tokio General Insurance and Tata AIG General Insurance.
InsuranceDekho said the corporate business has been built to address gaps in India’s commercial insurance market. It will use a technology-led approach, including AI and machine learning tools for coverage gap assessment and claims analytics, aimed at helping finance, HR and risk management teams evaluate insurance adequacy across their organisations.
The platform is positioned as an end-to-end risk management service, covering policy placement, pre-issuance risk assessment, ongoing advisory, endorsement management and claims support.
Its offerings span property and engineering, marine cargo, liability, workmen’s compensation and employee benefits, along with employee wellness services such as telemedicine, OPD benefits, mental health support, maternity programmes and nutrition consultations.
The corporate arm will also operate in specialty insurance lines and reinsurance placement, with access to globally rated capacity for large and complex risks, including marine and other specialty segments.
The launch comes amid rising speculation that Girnar Insurance Brokers, the parent company behind InsuranceDekho, is evaluating plans for a public listing in India that may generate up to US$250m.
