Go Digit General Insurance Limited (“Digit Insurance”), one of India’s leading digital full stack insurance companies, announced it has won the “Digital Insurer of the Year” Award at the prestigious 27th Asia Insurance Industry Awards (AIIA) 2023 held in Singapore. This is Digit’s fourth AIIA award in the last five years.
The Asia Insurance Industry Awards, 2023 stated that “Digit’s technological innovations have enabled it to achieve efficient underwriting, which is its differentiator from other insurer.” Digit’s hybrid model of AI-enabled analytics and human assessment along with its partnership-based model has helped the company mitigate India’s geographic limitations. Hong Kong-based AIA Group and FWD Group were the other two finalists for the Digital Insurer of the Year category.
Only two Indian companies won an award at this year’s edition. Digit Insurance is also the only Indian insurance company to have bagged the Digital Insurer of the Year award twice in the last five years. The company had bagged the General Insurance Company of the Year Award back-to-back in 2019 and 2020. Digit is also the only Indian company to be nominated this year for two organizational categories, the other being “Technology Initiative of the Year” award.
Commenting on the win, Jasleen Kohli, MD & CEO, Digit Insurance, said, “We are extremely honoured and delighted to win the prestigious Asia Insurance Industry Award. Winning the ‘Digital Insurer of the Year’ is truly special as it is a testimony of our in-house tech capabilities that form the backbone of our company. Our advanced tech platform is surely one of our competitive strengths that has aided in our growth and helped us in delivering high quality customer experience.”
The entries were judged by a panel of 26 expert judges from across the insurance industry and the winners were chosen from nearly 200 entries in 17 categories received from insurance companies all over Asia. The awards are well known for their stringent criteria and transparent selection process and is overseen by a panel of expert judges from across the insurance industry.