India-based consumer-centric insurtech platform CoverSure has secured $4m in a pre-Sequence A funding spherical.
The Enam Holdings-led funding shall be utilised to bolster the corporate’s growth of a consumer-centric insurance coverage engagement platform, leveraging information intelligence and machine studying.
This infusion shall be used to propel the insurtech’s enlargement throughout India.
Based in January 2023, CoverSure gives a complete platform designed to cater to the various insurance coverage necessities of shoppers.
The corporate’s use of machine studying expertise enhances the insurance coverage expertise throughout numerous segments, together with well being, life, motor, and journey.
This platform’s distinctive strategy permits for the creation of personalised insurance coverage portfolios for people and households.
Entry probably the most complete Firm Profiles
in the marketplace, powered by GlobalData. Save hours of analysis. Achieve aggressive edge.
Firm Profile – free
pattern
Thanks!
Your obtain electronic mail will arrive shortly
We’re assured concerning the
distinctive
high quality of our Firm Profiles. Nonetheless, we wish you to take advantage of
helpful
choice for your corporation, so we provide a free pattern which you could obtain by
submitting the beneath kind
By GlobalData
CoverSure founder and CEO Saurabh Vijayvergia mentioned: “Our major objective is to handle the insurance coverage penetration drawback by empowering tens of millions of Indians who’re unsure about their insurance coverage protection.
“By our platform, we goal to simplify the consumer’s lifetime expertise in direction of insurance coverage, not simply the gross sales. Insurance coverage issues of a household want an unbiased strategy to unravel and to that extent, we’ve constructed digital options with an intuitive app-first strategy.”
CoverSure simplifies danger administration by evaluating customers’ danger profiles and plans to roll out tailor-made insurance coverage options shortly.
BimaPay Finsure, an Indian fintech firm underneath the Mufin Group umbrella, not too long ago secured $2m in a spherical led by LC Nueva Funding Companions.
