Frost and Sullivan Bestows MicroEnsure with India Emerging Insure-tech Company of the Year Award at its 2017 India Best Practices Awards Banquet
Mumbai : MicroEnsure was named 'India Emerging Insure-tech Company of the Year' at the 2017 Frost and Sullivan India Best Practices Award Banquet held on October 05, 2017 at ITC Maratha, Mumbai.
Congratulating MicroEnsure on the award, Dr. Sunaina Singh, Senior Consultant, Transformational Health (Healthcare) Practice, Frost & Sullivan said, "MicroEnsure has had a very successful year - 2016. The company has demonstrated enormous growth with over 17 million customer enrolments in India through the implementation of its unique product named 'Telenor Suraksha'. MicroEnsure strategically leverages this digital platform and replaces the traditional and complicated customer acquisition techniques, providing more affordability and accessibility to the customers. The underlying philosophy behind the company's leading position is attributed to its in-depth market knowledge, pace of innovation, customer-centric approach and strong business model. MicroEnsure is set to make a mark in the mass health insurance market in India by maximizing and empowering its potential through Mobile Network Operator (MNO), financial institutions and other distribution partners."
Talking about the award, Richard Leftley, Founder and CEO, MicroEnsure said, "We are delighted to receive this prestigious award that reflects the teamwork and collaboration between MicroEnsure, Telenor India and Shriram. We have been able to successfully design and deliver an innovative mass market insure-tech solution, which is simple and easy to access for Telenor customers from enrolment via mobile phones to a rapid claims process, providing a safety net to millions of Indian families."
Frost & Sullivan Awards recognize companies across regional and global markets for outstanding achievement and performance in a range of regional and global markets for superior leadership, technological innovation, customer service, strategic product development, etc.
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