Acko, a digital platform for buying insurance policies, has experienced a whopping 120% growth in sales of insurance policies for automobiles in the first quarter of this fiscal compared to the year ago period. With the pandemic restricting customers’ ability to visit showrooms, purchase of vehicles through digital platforms has increased significantly. “Acko has posted ₹81 crore in Gross Written Premium in the first quarter of FY 22, registering a growth of 1.16 times for their auto business when compared to the same quarter of FY 21. Since its launch, Acko’s approach of being digital first has been the disruptor of the traditional insurance model. “Till date, the company has distributed insurance policies to over 62 million unique customers and issued 800 million insurance policies.

Source: Mint July 25, 2021 10:18 UTC