InsuranceDekho records 9-fold rise in policies, targets Rs 200 cr premium

Insurtech firm InsuranceDekho recently announced that it has recorded a nine-fold increase in the distribution of insurance policies to micro, small and medium enterprises (MSMEs) over the past six months. The company is targeting a premium of Rs 200 crore for the current financial year.

Looking forward, InsuranceDekho aims to be part of the growth wave accompanying the rise of SMEs and MSMEs in the manufacturing sector. MSMEs comprise around 75 per cent of the company’s customers. In line with its aggressive strategy to penetrate the SME business, InsuranceDekho acquired Verak, a Mumbai-based SME insurance distribution company backed by Sequoia and LightSpeed, and Gujarat-based IRSS, in April this year.