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Only 2% of Health insurance buyers are Gen Z: ACKO’s new data

by AIP Online Bureau | Jun 28, 2025 | Data, Health

“Over the past year, the uptake among 20–25-year-olds has remained stagnant at just ~2%, highlighting a persistent lack of urgency despite rising health conversations in the digital ecosystem. The issue isn’t just awareness; it’s a deeper gap in relevance, access, and...
ACKO’s 2024 Accident Index:78% of all road accidents in India occur in metro cities

ACKO’s 2024 Accident Index:78% of all road accidents in India occur in metro cities

by AIP Online Bureau | Dec 2, 2024 | Data, Non-Life, Risk Management

Most Accident-Prone Cars Hyundai i10 topped the list as the car involved in the highest number of accidents, followed by the Maruti Suzuki Swift and Maruti Suzuki Baleno. Hyundai i20 and Maruti Suzuki Dzire ranked fourth and fifth, respectively Mumbai: Metro cities...

Acko General Insurance reports losses of Rs 670 crore in FY24

by AIP Online Bureau | Oct 15, 2024 | Indian News, Non-Life, Reinsurance

The company is not expected to be profitable even this year. Earlier this year, Acko founder Varun Dua had said the company could become profitable in the financial year 2026-27 New Delhi: New-age insurance company ACKO has reported Rs 670 crore loss in financial year...
Actuary Sandip Goenka appointed as first CEO of ACKO Life

Actuary Sandip Goenka appointed as first CEO of ACKO Life

by AIP Online Bureau | Oct 15, 2024 | Indian News, Life

Sandip Goenka, chief executive officer, Acko Life Sandip,with two decades of experience in life, health, general insurance, reinsurance, and insurance consulting, is a qualified actuary from the Institute of Actuaries of India and the UK Actuarial Institute with a...

Average health claim size rises 12% to Rs 70,558 in India in 2023-24: ACKO report

by AIP Online Bureau | Sep 25, 2024 | Eco/Invest/Demography, Health, Indian News

The average claim size in India for 2023-24 stands at ₹70,558, up from ₹62,548 in the previous financial year, a significant increase of 11.35%, reflecting the broader surge in healthcare expenses Bengaluru: With rising hospitalisation costs, the average claim size in...
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