The new insurance solution aims to mitigate risks in supply chain financing, enhancing trust and transparency for investors.
A New Approach to Risk Management in Supply Chain Financing
Universal Sompo General Insurance has partnered with Amplio and Assurekit to introduce an insurance product designed to protect against buyer defaults and payment delays—key risks in India’s rapidly growing supply chain financing sector.
As Micro, Small, and Medium Enterprises (MSMEs) increasingly rely on supply chain financing to meet their working capital needs, new-age investment options have gained traction. However, challenges related to transparency, risk management, and investor trust have hindered the wider adoption of these financial instruments.
Commitment to Financial Innovation
Universal Sompo and Amplio emphasize that this insurance solution will strengthen investor confidence by addressing key risk concerns.
Arti Mulik, Chief Technical Officer at Universal Sompo, highlighted the company’s focus on innovation:
“This unique product proposition reflects Universal Sompo’s commitment to innovation and creating much-needed solutions for the evolving trade financing market.”
“This unique product proposition reflects Universal Sompo’s commitment to innovation and creating much-needed solutions for the evolving trade financing market.”
Similarly, Karan Mehra, Founder & CEO of Amplio, pointed out the importance of risk management in alternative investments:
“Many investors hesitate to explore alternate investments due to the absence of trust-building mechanisms. By combining insurance protection with robust due diligence, we ensure that investors gain access to high-yield products with significantly reduced risk.”
Seamless Access and Market Impact
The new insurance product, called Amplio Assured, is available to customers via the Amplio app and website. The offering is designed to redefine risk perception in alternate investments, providing a structured and secure approach that bridges the trust gap in supply chain financing.
With Amplio Assured, Universal Sompo General Insurance continues to develop innovative solutions tailored to the evolving needs of the Indian financial market.
