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.
• 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 (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.