Mumbai, India – October 09, 2017: MicroEnsure was named ‘India Emerging Insure-tech Company of the Year’ at the 2017 Frost & Sullivan India Best Practices Awards Banquet held on October 05, 2017 at ITC Maratha, Mumbai.
Through this link you can see the award presentation to MicroEnsure, followed by an interview held directly after the awards with Richard Leftley, CEO.
The interview outlines what the award means to MicroEnsure in India; MicroEnsure’s growth in India, working with Airtel Payment Bank and the Birla group, and future aspirations for microinsurance products through MicroEnsure. Richard speaks about the insurance market in India, how MicroEnsure offers a different proposition for the illiterate, low paid customer in need of insurance by providing simple, paperless and quick policies that are easy to process and easy to claim. With digitalisation and KYC a priority in India, Richard discusses how the ‘digital India’ is a great fit for making insurance products available to the mass market. He also shows how MicroEnsure products can sit alongside the government insurance initiatives and can assist with the loss of earnings that are a result of the impact of paying costs associated with hospitalisation and health care.