Rewriting Indian Insurance Industry With Acko Insurance, Varun Dua

Varun Dua is a successful serial fintech entrepreneur and the founder of Acko Insurance, India’s first and fastest-growing InsurTech startup that makes buying and using insurance simple. It’s a software firm that focuses on assisting consumers with real-world issues, starting with insurance.

Varun has over ten years of experience in the insurance industry, with a wide range of responsibilities. He was in charge of marketing analytics for direct business acquisition and technology for efficient customer service. Coverfox Insurance BrokingPvt. Ltd. was his company, and he was the CEO and Co-Founder.

Purchasing insurance, even for a simple product like automobile insurance, was a time-consuming, monotonous, and opaque procedure, to say nothing of the maintenance and claims aspects. The price point of these goods is one of the greatest problems. In terms of client experience and organizational value, Varun saw a big opportunity that a digitally enabled insurance company might unlock. Varun chose to pursue it and founded Acko, which has worked with large tech companies such as Amazon, OYO, and Ola in a short period of time and is known for its innovative insurance solutions.

Varun has received a lot of accolades for improving business operations and product management at both Coverfox and Acko by focusing on simplicity, affordability, and innovation. In the digital age, he is often credited with rewriting India’s insurance story.

Amazon, Accel, Catamaran Ventures, SAIF Partners, Swiss Re Transamerica Ventures, and seasoned investors like Ashish Dhawan, Kris Gopalakrishnan, and others have funded the company as a result of his efforts. ACKO recently received the Golden Peacock Award for innovative product and service, as well as being named to LinkedIn’s top 25 startups in India, Business Today’s Coolest Startups, and the Entrepreneur 2019 Startup of the Year- Fintech Award.