InsuranceDekho, an India-based insurtech firm, has obtained a composite insurance broking licence from the Insurance Regulatory and Development Authority of India (IRDAI). This licence enables the company to engage in reinsurance broking alongside its existing insurance broking services. By leveraging its technology and data analytics capabilities, InsuranceDekho aims to secure competitive pricing for insurers and expand its contribution margins, thereby increasing EBITDA margins. This strategic move supports their mission to enhance insurance accessibility and distribution across India, furthering insurance penetration through deep distribution networks and digitization.
InsuranceDekho, an Indian insurtech firm, has received a composite insurance broking licence from the Insurance Regulatory and Development Authority of India (IRDAI). This licence allows the company to offer reinsurance broking services in addition to its existing insurance broking operations. By leveraging technology and data analytics, InsuranceDekho aims to secure competitive pricing for insurers, enhancing contribution margins and EBITDA. This strategic move supports its mission to revolutionize insurance accessibility and distribution across India, bolstering insurance penetration through extensive distribution networks and digital initiatives. CEO Ankit Agrawal emphasized the importance of balancing innovation with practical business strategies to meet the needs of insurers and their clients.
