Insurtech startup Covrzy receives IRDAI general insurance broking license

Insurtech startup Covrzy receives IRDAI general insurance broking license

Daily Current Affairs   /   Insurtech startup Covrzy receives IRDAI general insurance broking license

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Category : Business and economics Published on: July 31 2024

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  • Covrzy, a Bengaluru-based Insurtech startup, has obtained a direct broking (general) license from the Insurance Regulatory and Development Authority of India (IRDAI), allowing it to enhance its operations and credibility in the insurance sector.
  • The startup has onboarded over 500 clients and plans to assist over 10,000 customers in the next 12 to 18 months. Covrzy offers a variety of insurance products in partnership with major insurers, aiming to simplify and personalize insurance for SMEs and MSMEs across India.
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