Riskcovry – The Beacon of Innovation in Insurance Tech Space

RISKCOVRY

Riskcovry – is a B2B2 InsurTech startup based in Mumbai and Bangalore offering an “Insurance as a Service” for any distribution use case. Founded in 2018, by Suvendu Prusty, Sorabh Bhandari, Chiranth Patil and Vidya S., Riskcovry helps businesses with a large user base to enable insurance distribution seamlessly, saving them the traditional overhead of building teams, technology integrations with Insurance carriers and manage processes for Insurance distribution.

The company works closely with insurance companies to design products that cater to the needs of a broader population.
• Riskcovry offers an Insurance-as-a-Service technology platform for any use case.  To enable an “anyone can help insure” vision, building an Insurance-Distribution-Data-Tech platform, across industries.
• Platform consists of 2 inter-operable Technology Products: Riskcovry Insurance-in-a-box & Riskcovry SaaS. Our API’s are designed to meet the needs of both the physical and digital distribution of insurance.
• Modular set of platform capabilities that is agnostic of insurance carriers, products, channels, devices & customer segments, delivered via APIs
• Personalized customer experience (CX) across all digital touchpoints : buy, manage, claim

Risk-O-Meter

Risk-O-Meter (proprietary risk management engine of Riskcovry) enables consumers and businesses to assess their risks in real time based on the user inputs and secondary data scraping before they exploring the insurance product and price options . The API supports dynamic underwriting logic from insurers and displays the price based Risk-o-Meter score. For example, when a user is exploring a business insurance coverage, the Risk-o-Meter generates the cumulative risk score for the location from where the business is operating based on various risk exposures like Fire, Theft, Flood, Earthquake etc.

Loan Protect
Loan Protect is an industry first product that protects a borrower of a loan from death, critical illness and loss of employment and the lender from loan default. Riskcovry’s backend engine bundles 3 different products from multiple insuers i.e. death (life insurance), critical illness (health insurance) and loss of employment (general insurance) and into a single API. This API fetches information from the borrower in real time based on his/her loan details such as interest rate, term of the loan, and age. This in turn allows the lender to customize insurance covers for each customer giving the flexibility to the borrower as well. All policies are issued, managed and claimed digitally. Riskcovry’s solution is completely plug and play without disrupting the existing submission/disbursement workflows. The API’s can power any digital customer experience journey such as borrower opt-in or opt-out, umbrella consent, or transaction level consent.
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Edelweiss General Insurance

 

Edelweiss General Insurance

Edelweiss General Insurance aims to bridge the distance between customers and insurance, by making insurance disarmingly effortless. Understanding the pulse of customer requirements, our products are based on real needs and relevant to what is currently needed to protect you and your family.

Backed by a strong regulatory framework and a service that is prompt and caring, we help you protect what you love and take tremendous pride in saying you can take us for granted!

To know more, visit: www.edelweissinsurance.com



SWITCH – Motor Floater Policy

Motor Insurance has remained virtually unchanged since it began as a category, many decades ago. When you buy a vehicle, you pay a premium and take a policy that covers your vehicle for the next 365 days. But here’s the thing: does your vehicle really need accident cover for each of those 365 days? Such continuous cover makes sense for your health insurance, because obviously a person can fall ill anytime. But a vehicle can have an accident only when you’re driving it! And no one uses their vehicle 24/7/365. So why pay a premium at all when you aren’t even using the vehicle, and there’s no risk of an accident? That’s the thinking behind Edelweiss SWITCH, our pay-as-you-use motor. You pay a premium only for the time you switch ‘On’ your cover, when you’re actually using the car. And when your car’s safely parked, you switch your policy ‘Off’ and stop paying the premium. This revolutionary concept is possible because Edelweiss SWITCH is not an old-fashioned paper policy, it is housed on the Edelweiss SWITCH app, which a customer downloads on his phone once he buys the policy.

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Volkswagen India

 




VOLKSWAGEN, a BRAND that is synonymous to German Engineering, Build Quality and Safety & Fun to drive experiences.



Consistently among Top 3 GLOBAL Auto Manufacturers since more than a decade, having more than 120 production facilities, serving more than 150 countries is just a brief introduction of the Germany base Auto Giant which has more than 300 plus models within the group on sale as on date & produces more than 44000 vehicles every single day GLOBALLY.

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