New Delhi: New age technology-based insurer ACKO on Friday mentioned it has registered over three-fold bounce in its gross written premium within the first quarter ending June. The corporate had reported a gross written premium of Rs 56.21 crore within the year-ago interval.Auto insurance coverage, which is among the main parts of the corporate’s portfolio, witnessed over 120 per cent rise with the growing digital adoption, accelerated by Covid-19, the corporate mentioned in a launch.
“ACKO has posted Rs 81 crore in gross written premium in Q1FY22, registering a progress of 1.16X for the auto enterprise when in comparison with the identical quarter of FY21.”
“New buyer progress from non-metro cities grew by 3.5X within the 12 months whereas it grew by 2.5X within the metro cities, signaling a confirmed shift in buyer’s digital experiences throughout industries, together with insurance coverage,” it mentioned.
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