ilmscore | How Policybazaar took over insurance: From marketing to claims ft. Yashish Dahiya | Business Talkies

How Policybazaar took over insurance: From marketing to claims ft. Yashish Dahiya | Business Talkies

Published: 2024-10-27
Status: Available | Analyzed

Predictions from this Video

Total: 5
Correct: 0
Incorrect: 0
Pending: 5
Unrated: 0
Prediction
Topic
Status
Policybazaar aims to eliminate the concepts of 'claim' and 'bill' from the insurance customer experience through operational control and technology, so customers only deal with treatment or repair.
"My view on on Tech is you always own the operations basically deploy technology to kind of automate the hell out of those operations right but but you can't have a landing where you just come with tech and solve a massive operational issue the ambition is the word claim and the word bill should both go out of an insurance customer's vocabulary"
Policybazaar
Pending
The company believes that whoever successfully removes the 'bill' and 'claim' process for insurance customers will gain permanent customer loyalty.
"so they should not they should deal with treatment or repair I want my car back rather than okay what's the bill and how much am I going to get the claim that that nonsense needs to just get out and that will not be an easy process I know that so it's not like I have any magic wand that'll do it in it'll be a long drawn painful process but whoever does it will have the right to own the customer forever"
Policybazaar
Pending
PESA Bazar became five times larger than its competitors within approximately 12 months of its launch.
"but within 12 months we overtook them and I think since then it's history today PESA Bazar is probably five times bigger than them"
PESA Bazar
Pending
The speaker believes they might have gone public 2-3 years too early, and that the current timing might be more suitable for their company's public offering.
"I've always said that right so maybe now was the right time for us to be going public because I don't think uh pre-prod very well by the public markets"
Policybazaar IPO
Pending
Despite being six times larger than at the time of its IPO, Policybazaar's current market valuation is only 1.7 times that of its IPO day, indicating it is currently less valued on a multiple basis.
"so you know in a in a in a multiple kind of scenario we're actually far less valued today than we were then"
Policybazaar
Pending