Digit Insurance targets $5 billion in IPO valuation
Founded in 2017, Digit is trying to capitalise on India`s under-penetrated general insurance market along with users` need for a better customer experience like easier claim settlements, though IPOs in the country have not done well in the past few months.
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Overall, Digit enjoys 1.63 per cent of the Rs 1,99,550-crore general insurance industry with a gross written premium of Rs 3,243 crore. Its combined ratio, which is a key profitability and growth metric of a general insurer, stood at 109.4 pr cent in FY21.
Jul 02, 2021, 19:52 PM IST
