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FINANCIAL | Insurance / Property & Casualty
bharti-axagi.co.in

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Founded Year

2008

Stage

Acquired | Acquired

About Bharti AXA General Insurance

Bharti AXA General Insurance is an insurance company in India. The company offers insurance solutions for motor and two-wheeler, health and critical illness, property and student, individual and family travel and crop insurance. The company is based in Bengaluru, Karnataka.On August 22, 2020, Bharti AXA General Insurance was acquired by ICICI Lombard General Insurance, terms of the transaction were not disclosed.

Bharti AXA General Insurance Headquarter Location

No. 43, Millers Road, Vasanth Nagar First Floor Hosto Centrer

Bengaluru, 560052,

India

1800-103-2292

Latest Bharti AXA General Insurance News

Acko General Insurance onboards Bharti AXA MD & CEO

Dec 9, 2021

By ADVERTISEMENT Acko General Insurance has roped in Sanjeev S, former Managing Director (MD) and Chief Executive Officer (CEO) of Bharti AXA General Insurance, to be a part of its leadership team. Sanjeev will also join the board of directors of Acko Insurance, the company said in a statement. ADVERTISEMENT Prior to Bharti AXA General Insurance, Sanjeev has worked at companies such as ING Vysya Life Insurance, and Fullerton India Credit, among others. "As a platform, Acko empowers customers to have a preference (choice) in buying products and services. This is backed by data and insight, which helps Acko differentiate and customise its offerings. This fundamental shift in consumer behaviour creates a huge opportunity for Acko. It enables the delivery of simple and transparent propositions through technology that is easy to engage,” said Sanjeev. ADVERTISEMENT In October this year, Acko General Insurance Ltd  raised  $255 million (approximately Rs 1,923 crore) as part of its Series D round, led by private equity (PE) firms General Atlantic and Multiples Private Equity, at a valuation of $1.1 billion to enter the coveted unicorn club. Acko sells digital-first insurance products across cars, bikes, travel and gadgets. It partners with companies including Amazon, MakeMyTrip, Ola and Urban Company to distribute its products. The company said that it plans to enter the health insurance business going forward. The company looks to clock premium worth $160 million (around Rs 1200 crore) by the end of 2021. This is more than double the $60 million (approximately Rs 450 crore) of gross premiums it clocked in 2020. ADVERTISEMENT

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