Go Digit General Insurance Ltd IPO - An Overview of the Company’s Competitive Strengths

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  • 14 May 2024
Go Digit General Insurance Ltd IPO - An Overview of the Company’s Competitive Strengths

Key Highlights:

  • Go Digit General Insurance Ltd aims to provide a simple and tailored customer experience
  • The company boasts of predictive underwriting models to accurately assess risks
  • It has an advanced technology platform along with an experienced management team

The much-awaited initial public offering (IPO) of Go Digit General Insurance is finally here. As a potential investor, it’s crucial for you to be aware of the company’s competitive strengths.

Given below are the key strengths of the company:

Simple and tailored customer experience

The company is dedicated to establishing trust and promoting transparency in its relationships with its customers by simplifying insurance and offering easy-to-understand, customisable products that enhance customers’ experience. The company promotes a tailored customer experience by offering:

  • Relevant, transparent and customisable coverage
  • Simple and understandable documentation
  • Straightforward, efficient and paperless processes

Predictive underwriting models

The company has combined its expertise in the motor insurance market with its data bank to build extensive underwriting models to accurately assess risk and predict losses for its motor insurance products at a granular level. This has allowed the company to manage its costs better and tailor its products to serve more customers. Key attributes of its underwriting models include:

  • Decoding a vast set of variables
  • Ability to automate underwriting
  • Greater ability to identify and acquire profitable business

An advanced technology platform

The company has an advanced technology platform, which enables it to achieve efficient underwriting. It has employed a hybrid model of AI-enabled analytics and human assessment to streamline the value chain, aid its customers, partners, and employees, and drive efficiency.

It has developed in-house microsystems that allow it to facilitate a range of routine tasks, from policy design, underwriting, pricing, and issuance to servicing and claims management. Its platform is entirely cloud-based, making its system agile, connected, and scalable.

Skilled and experienced management team

The company's experienced management team promotes agile decision-making and execution. It includes experienced professionals from the banking, financial services, and insurance industries. Driven by their leadership, it has built an employee base aligned with its corporate culture and works cohesively to deliver on its vision.

Source: RHP

In conclusion

The company’s IPO issue size is Rs 2614.65 crores at the upper price band. Read the red herring prospectus for a complete overview before subscribing.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their own research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.

Investments in securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI prescribed Combined Risk Disclosure Document prior to investing. Brokerage will not exceed SEBI prescribed limit.

Source: RHP


The lot size of the IPO is 55.

The minimum investment is Rs 14,960.

Go Digit’s IPO will close on 17th May.

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