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Digital insurance company Acko gets final license from IRDA, to commence operations in December

Narayan Murthy’s Catamaran Ventures-backed digital insurance company Acko General Insurance has received final license from Insurance Regulator and Development Authority of India (IRDAI). Acko received the final license on September 18, and is looking to commence operations in December 2017. M/s. Acko General Insurance Limited has been registered as a General Insurer under Section 3 of the Insurance Act,1938 with the Authority. The Certificate of Registration (Form – IRDAI/ R3) was issued to them by the Authority on 18.09.2017 bearing registration no.157. Acko has also been added to IRDAI's list of Non-Life Insurers. The company had filed its application for license in November last year, and received in-principal regulatory clearance early this year. At present it is strengthening its team, working on technology and setting up partnerships in order to provide customised insurance products. In May this year, Acko had raised $30 million in…

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