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Bajaj Allianz General Insurance Partners With actyv.ai To Offer Insurance to Enterprises

With this collaboration, Bajaj Allianz will offer bite-sized commercial insurance products like fire and burglary, in addition to group health products like personal accident, hospital cash, credit-linked health plans and group health plans

Bajaj Allianz General Insurance Partners With actyv.ai To Offer Insurance to Enterprises
POSTED ON April 24, 2023 1:31 PM

actyv.ai, the Singapore-headquartered enterprise SaaS platform, has announced a partnership with Bajaj Allianz General Insurance to offer insurance products through their technology platform to enterprises and the partner ecosystem across the supply chain.

Bajaj Allianz General Insurance, a private general insurer, will leverage the technology stack of the actyv.ai platform by offering innovative insurance products to champion the sustainability of suppliers, distributors and retailers. With this collaboration, Bajaj Allianz will offer bite-sized commercial insurance products like fire and burglary, in addition to group health products like personal accident, hospital cash, credit-linked health plans and group health plans.

“The pandemic had severely impacted the financial stability of the MSME (micro, small and medium enterprises) industry and hence by offering such bite-sized insurance products they can financially protect their businesses across the value chain. Through this partnership and by leveraging the potential of AI (artificial intelligence), we look forward to providing our industry’s best products along with a seamless customer experience,” said Tapan Singhel, managing director (MD) and chief executive director (CEO) of Bajaj Allianz General Insurance.

“Technology is the foundation of this partnership, and we are delighted to collaborate and co-create very relevant risk protection to the MSME segment on our embedded offerings platform, thus contributing substantially to the country’s GDP. This alliance with Bajaj Allianz will ignite credible product innovation that is both responsible and sustainable. We aim to insure a substantial segment of the MSMEs in the next 12 months,” added Raghu Subramanian, founder and global CEO of actyv.ai.

With PTI inputs

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