Digit Insurance named General Insurance Company of the Year at 24th Asia Insurance Industry Awards 2020
- The youngest company to win this award in two consecutive years within 3 years of operation
- Asia Insurance Industry Awards are one of the most prestigious awards in the insurance industry running from the last 23 years
- The nominations were judged by 38 CEOs or founders of insurance companies, broking firms and financial institutions across Asia
Bengaluru, 3rd November 2020: Digit Insurance, one of the fastest-growing general insurance company on a mission to make insurance simple in India, has been named the ' General Insurance Company of the Year' at the prestigious Asia Insurance Industry Awards held virtually on 2 nd November 2020. Digit Insurance won this award for its efforts in making insurance simple in India through product and process innovations.
Just 3 years into operations, Digit Insurance has won the award for the second consecutive year. The Asia Insurance Industry Awards this year had around 48 insurers, brokers, risk managers, service providers and industry leaders making it to the list of finalists.
Mr Vivek Chaturvedi, Chief Marketing Officer, Digit Insurance , said, 'We are once again honoured and delighted to receive this prestigious award title of being the General Insurance Company of the Year. At Digit, our constant endeavour is to deliver the best customer experience with products that really matter to our customers. And this recognition for two consecutive years is a validation that we are on the right path of simplicity!'
On a mission to make insurance simple, Digit Insurance recorded a growth in premiums of 87% in FY19-20 over the previous financial year. It has earned the trust of over 1.4 crore customers and 1.34% overall Market Share, as on 30th September 2020, all this in less than 3 years of operation. Digit is the highest rated insurance company on Facebook with a 4.9 rating out of 5 with over 10000 reviews and has Net Promoter Scores of 71% for claims and 76% for non-claims.