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Bajaj Allianz General Insurance, one of the leading private general insurers in India, has formed a partnership with actyv.ai, a Singapore-headquartered company that offers embedded finance offerings for the B2B ecosystem on a SaaS platform.
With this collaboration, Bajaj Allianz will offer bite-sized commercial insurance products like Fire, Burglary, in addition to group health products like Personal Accident, Hospital Cash, Credit Linked Health Plan, and Group Health Plans.
Speaking about the partnership, Mr Tapan Singhel, MD & CEO of Bajaj Allianz General Insurance, said, “Our tie-up with actyv.ai is another collaborative initiative in providing affordable insurance products curated specifically for MSME companies.”
Mr Raghu Subramanian, founder and Global CEO of actyv.ai, said, “This alliance with Bajaj Allianz will ignite credible product innovation that is both responsible and sustainable. We aim to insure a substantial segment of the MSMEs in the next 12 months.”
Bajaj Allianz is a joint venture between Bajaj Finserv, India’s most diversified non-bank financial institution, and Allianz SE, the world’s leading insurer and largest asset manager. The Company began operations in 2001 and has been constantly expanding its operations to be close to its customers.
actyv.ai is an AI-powered enterprise SaaS platform with embedded B2B Buy Now Pay Later (BNPL) services and insurance, transforming the global B2B supply chain by making business transactions faster and easier.
