Digit

Corporate Profile

BEST GENERAL
INSURANCE COMPANY

CMO Confluence &

Corporate Awards
ASIA’S BEST GI
2019
COMPANY
Asia Insurance Industry
Awards

April 2020
About Digit
About Digit Shareholders
Digit is backed by Fairfax Financial Group (Foreign Partner) and Kamesh Goyal (Indian Partner)

Fairfax is one of the largest non-life insurance companies in the world

and was the promoter of ICICI Lombard

Prem Watsa is the Founder, Chairman and CEO of Fairfax Financial Holdings based in
Toronto, Canada. He is well known for his Long term and Value based investing, and is a big
investor in India

Kamesh Goyal has spent more than 30+ years in the Insurance space
across the globe

Has been the CEO of Bajaj Allianz General & Life Insurance businesses, CEO for Allianz business in
Asia, Head of Allianz Group's Planning and Performance management
Digit’s Growth Story | World’s Fastest Growing Insurance Company

Go Digit 1,018
SBI General 602
Bajaj Allianz 510
ICICI -Lombard
Premium for FY 2019 and 2020 Bharti AXA
472
364
Cholamandalam MS 332
IFFCO -Tokio 299
Magma HDI 296
HDFC ERGO 291
Reliance General 290
Liberty General 286
Tata-AIG 274
New India 223
2300+ Cr Future Generali 219
Shriram General 163 Motor Premium
1204 Cr Acko General 144
Universal Sompo 142 Accretion
DHFL General 75
Kotak Mahindra 48 (Apr’19 - Feb’20 )
FY 2018-19 FY 2019-20 Edelweiss 46
Royal Sundaram 21
Raheja QBE 19
More than 92% growth in Premium United India 11
(206) Oriental
(774) National

(1,000) (500) - 500 1,000 1,500

Digit’s Growth Story | Motor Market Share

Motor Market Share for the Quarter Motor Market Share FTM Dec ‘19
9.84%
2.89%
2.94%
7.75%

2.30%
2.00% 4.97%
5.30%
4.28%
2.94%
1.40%
1.10% 1.93% 2.25%

0.70%

Go Digit Future Bharti Relaince HDFC Tata AIG Bajaj ICICI

Generali Axa General Egro Allianz Lombard

Q1 '19 Q2 '19 Q3 '19 Q4 '19 Q1 '20 Q2 '20 Q3 '20 Founded 2017 2007 2008 2000 2002 2001 2001 2001

Our Motor Market share has increased continuously

Our customer feedback shows that we are on right track

8.15 million+
million+ 4.8 74%
policies issued within 2 years Highest rated Insurance NPS on Customer Service
of launch company in
Facebook

Facebook Reviews Compared to Industry

Average

Highest Customer Rating in the Industry

 Enough Capital to continue to build the company

Capital Raised
Digit Insurance recently raised $84m from - A91
1650 Cr
Partners, Faering Capital and TVS Capital

990 Cr

Digit’s Valuation increased 2.5X from INR 2450 Cr

(FY19) to INR 6,100 Cr (YTD Feb’20)

As of Jan’20 As of Today

Investment from the Entire Leadership team

*1USD = Rs. 70 INR

Now we are present in every corner of the country

As on 31st Dec As on 31st Mar

2019 2020

Sales Team
150+ Cities 150+ Cities
Presence
33% 28%
Tier 3 Inhouse Service
181 207
Engineer

Tier 2 28% 33% Surveyor 490 520

Investigator 205 226

Tier 1 39% 39% Lawyer (TP +

231 295
Consumer)

Workshops
Policy Count Claim Count
(Cashless 3,720 3,966
Time Period: Dec 2017 – Dec 2019
Settlement)

We are expanding in Tier 2 and 3 cities continuously

We love claims! High Claim Settlement Ratio

50000
98.7% Claims Registered during the period Apr ‘19 – Dec ‘19 1.93 Lakh+ Claims settled by Digit in last 2 years
45000
Claims Settlement Status as on 29th Feb ’20
99% 220 K
1,93,105
40000
Total Claims Registered

200 K
35000
180 K
30000
160 K
25000
140 K
20000
15000
Claim settlement TAT 120 K
100 K

10000 96.1% 96% 80 K

100% 60 K
5000
99.7%
40 K
0
Private Car Two Wheeler Commercial International Travel Domestic Travel Gadget 20 K
Vehicles
K

Claims
registered 40,131 44,887 8,376 635 5,021 10,415

Note: Motor excluding third party claims

To view Digit’s Transparency report please click on:

Digit’s Success Story | Key Metrics

Capital Raised till Feb’20 GWP

Solvency Ratio
INR 1650+ Cr 340% INR 2300+ Cr
Highest capital for a new
As on 29th Feb ’20 FY19-20
insurance company
No Insurance company has had so many tie ups in first 2 years of operations

OEM Tie-Ups NBFC/ Banks Other Major Tie-Ups

Digit - Asia’s Best GI Company

We are one of the first insurance companies to win such

a huge international award, just within 2 years of being
in business

Other Finalists for this category:

• Berjaya Sompo Insurance Berhad
• MSIG Insurance (Singapore) Pte Ltd

Jury comprises of top 20 CEOs of Asian Insurance

Industry

12 | Digit General Insurance

Rewards and Recognition

A-rated
Insurer
In 2018, Digit was named in CB Insights’ Fintech 250, a
By Insurance Brokers Association of India, conducted global list of the most promising fintech companies
among its 126 members
Thank You