Acko General Insurance is a private sector general insurance company in India.[1][2] Founded in November 2016, the company received its license from the Insurance Regulatory and Development Authority of India (IRDAI) in September 2017.[3][4] Acko follows an online-led model and hence all operations for the company are offered through the digital platform.[5][6]
History
Acko General Insurance was founded by Varun Dua, is the Chief Executive Officer.[7] As of 2018, Acko has raised ₹274 crore ($42 million) in funding from investors such as Amazon, Accel Partners, SAIF Partners, Catamaran Ventures.[8][9] The retail products offered by Acko General Insurance include motor insurance,[10] in-trip domestic insurance [11][12] and mobile insurance. Acko BLORE
Funding
October 2021, the company secured its position as India's 34th unicorn by raising $255 million through a Series D funding round.[13][14]
Partnerships
Acko General Insurance partnered with Ola cabs and launched an in-trip insurance program in more than 110 cities in India.[15][16]
Acko General Insurance partnered with Amazon India to provide mobile insurance plans on the retailer's website.[17]
Acko General Insurance partnered with HDB Financial Services and offer HDBFS customers insurance covers at no additional cost with EMI cards.[18]
In July 2020, Amazon Pay partnered with Acko to provide its customers auto insurance policy.[19][20]
Acko General Insurance partnered with PhonePe to offer car, bike insurance policy.[21]
News
ACKO earned INR 1,759 cr. by selling insurance in FY23.[22]
In July 23, ACKO hired Amit Tiwari, an ex-Amazon India executive, to lead its life insurance business.[23]
In Nov 23, ACKO collaborated with actor R Madhavan as their "voice of the customer".[24]
In March 24, ACKO appoints Animesh Das as CEO elevates Sanjeev Srinivasan to board role.[25]
In March 2024, ACKO announce partnership extension for IPL 2024 with Gujrat Titans.[26]
