Singhel offers bite-sized products to pandemic-hit MSMEs
Bajaj Allianz General Insurance is offering insurance products to enterprises and the partner ecosystem across the Supply chain on Singapore-headquartered actyv.ai platform.
With this collaboration, Bajaj Allianz will offer bite-sized commercial insurance products like Fire, Burglary, in addition to group health products like Personal Accident, Hospital Cash, Credit Linked Health Plan and Group Health Plans.
“Through this partnership and by leveraging the potential of AI, we look forward to providing our industry’s best products along with a seamless customer experience,” said Tapan Singhel, MD & CEO, Bajaj Allianz General Insurance.
“With our continued efforts towards our vision of ensuring insurance benefits reaches the last mile in our country, our tie-up with actyv.ai is another collaborative initiative in providing affordable insurance products curated specifically for MSME companies.
“The pandemic had severely impacted the financial stability of the MSME industry and hence by offering such bite-sized insurance products they can financially protect their businesses across the value chain,” he said on 24 Apr 2023.
“This alliance with Bajaj Allianz will ignite credible product innovation that is both responsible and sustainable. We aim to insure a substantial segment of the MSMEs in the next 12 months,” said Raghu Subramanian, Founder and Global CEO of actyv.ai.
“Bajaj Allianz is known for innovative insurance products and meeting customer expectations. Technology is the foundation of this partnership, and we are delighted to collaborate and co-create very relevant risk protection to the MSME segment on our embedded offerings platform, thus contributing substantially to the country’s GDP,” he said.
Bajaj Allianz General Insurance is India’s leading private general insurance company. Bajaj Allianz, a joint venture between Bajaj Finserv Limited, India’s most diversified non-bank financial institution, and Allianz SE, has a pan-India presence in close to 1,000 towns and cities.
Singapore’s actyv.ai is an AI-powered enterprise SaaS platform with embedded B2B Buy Now Pay Later (BNPL) and insurance, transforming the global B2B supply chain by making business transactions faster and easier. fiinews.com
