Cloud-native insurer EGI partners with Okinawa Autotech

By Edil Corneille

Edelweiss General Insurance (EGI), India’s cloud-native insurer, has entered into an exclusive partnership with Okinawa Autotech, an electric two-wheeler manufacturer. EGI will leverage Okinawa’s dealership network (over 350 dealerships currently) across India, to offer customers simple, end to end, digital-driven solutions, aimed at ensuring superior customer experience.

The cloud-native insurer EGI will provide customised solutions to customers of Okinawa across the country. Customers can now avail of a comprehensive insurance policy and will have the option to choose from multiple add-ons to suit their individual coverage requirements. The partnership is in sync with EGI’s philosophy to invest in future technologies, support the adoption of electric 2-wheelers in India and contribute towards sustainable growth.

Shanai Ghosh, ED & CEO, Edelweiss General Insurance said, “We are happy to partner with the market leader in Electric 2-wheelers. This partnership reflects our strategic focus on the electric vehicle market in the country. We believe the progressive transition to electric vehicles is integral to the India’s journey towards eco-friendly transportation and as a new digital insurer, we are excited to be part of this emerging technology driven mobility ecosystem.”

“Apart from support from the government, customers are also becoming increasingly environmentally conscious and therefore interest in the EV segment is on the rise. This mindset shift will bring about a dramatic change in the industry. Our aim is to support this transformation, while keeping the customer requirement and expectations at the fore,” added Shanai.

Jeetender Sharma, MD and Founder, Okinawa Autotech said, “We are glad to partner with Edelweiss, a new-age digital Insurer which shares our conviction about the EV market potential in the country. This partnership is a step ahead in strengthening our commitment in providing continued support to our customers. Edelweiss will provide our customers with a digitally enabled platform and an ecosystem that offers need based and data-driven solutions. We look forward to a successful partnership that creates immense business values for both parties.”

The cloud-native insurer EGI’s policy for 2-wheeler EVs covers the vehicle end to end, including the battery, which is a major component of any EV and takes up over 30 per cent of the vehicle cost. EGI is also introducing covers to protect damage to chargers/ cables that are not a part of the vehicle and are used for charging at home.