Kotak Mahindra General Insurance Co. Ltd announced that it has partnered with actyv.ai to offer bite-sized insurance products to micro, small and medium enterprises (MSME) companies. Kotak General Insurance aims to leverage actyv.ai’s AI-powered platform to provide insurance solutions to support the business sustainability of small businesses.

Through actyv.ai’s technology stack and Kotak General Insurance’s customised insurance products, this partnership will offer innovative insurance products to the enterprise and close to one lakh supply chain partner ecosystems to focus on driving growth without worrying about business risks. 

"We are excited to join hands with actyv.ai to offer small OTC products like health and commercial policy via end-to-end digital platform. We believe that technology plays a vital role in selling BFSI products to masses and businesses. This partnership will offer basic insurance to the last mile of the industrial value chain like never before," said Jagjeet Singh Siddhu, Head of Multiline Business, Kotak Mahindra General Insurance Company Limited.

“Through our partnership with Kotak General Insurance, enterprises on actyv.ai’s platform will now be able to offer group insurance to all of its distributors, retailers, and suppliers. As category creators, we will continue to build digital journeys, construct responsible and sustainable interventions with a special focus on insuring business risks,   thereby empowering the ecosystem to focus on growth and be resilient,” added Raghunath Subramanian, founder and global chief executive officer (CEO), actyv.ai.