Bajaj Allianz General Insurance and actyv.ai have announced a partnership that will offer insurance options to businesses and their related partner ecosystems across the supply chain. This collaboration will offer commercial insurance products such as Fire, Burglary, in addition to group health products like Personal Accident, Hospital Cash, and Credit Linked Health Plan, and Group Health Plans.
The collaboration hopes to deliver bite-sized insurance to all the players along the supply chain and create value for the MSMEs. To this end, Bajaj Allianz will make use of actyv.ai’s technology stack to provide innovative insurance products. This step, then, would help promote financial stability in the industry.
Tapan Singhel, the Managing Director and CEO of Bajaj Allianz General Insurance, said that their vision was to offer insurance products to the bare minimum of people, that too with superior value and customer centricity. And this partnership with actyv.ai is just another step in that direction.
Raghu Subramanian, Global CEO, and Founder of actyv.ai, further added that by leveraging the potential of Artificial Intelligence, the partnership will be beneficial in providing industry-leading products as well as a seamless customer experience.
About Bajaj Allianz General Insurance
Bajaj Allianz General Insurance, a part of the Bajaj Finserv group, is a leading private general insurer in India. Committed to providing superior value and customer-centric services across the country, it offers products such as insurance for motor vehicles, health, travel, home, and more.
About actyv.ai
actyv.ai, a Singapore-headquartered enterprise SaaS platform, provides a combination of B2B BNPL and insurance solutions to businesses and their partner ecosystems in the supply chain. Embedded in their platform is the option of providing innovative insurance products that have been curated specifically for MSMEs.
