Digit Insurance aims at auto issue of policies

Digit Insurance, which in its latest round of funding gained unicorn status (valued at over $1 billion), is working on technology to make issue of policies and endorsements a straight-through process. Digit is already settling 73% of its motor insurance claims through automation with software reading the invoice, driver’s licence and RC book in addition to doing damage assessment through photographs and videos.

The company is also the biggest deployer of API (application program interface) integration with partners, which allows distributors to plug into the company’s systems. It has so far made available 700 APIs to partners, which gives them speedy access to Digit’s products and services. Speaking to TOI,