Square Insurance tie-ups with DogmaSoft for insurance solutions

Mumbai, Aug 03 Square Insurance, a leading InsurTech startup based in Rajasthan, is proud to announce a strategic partnership with DogmaSoft, a prominent Tech company with over 3.5 lakh registered customers in the various categories such as Banking & Finance, Wallet and Bill pay gateways, IT services, accounting Services, Legal service. This collaboration marks a significant milestone in the InsurTech segment, promising to leverage technology to offer innovative insurance products and services, enhancing customer experience and accessibility.

Rakesh Kumar, the Founder and CMD of Square Insurance said, "We are thrilled to partner with DogmaSoft, a company known for its strong presence in the multiple sectors. This partnership aligns perfectly with our mission to reach untapped markets and offer InsurTech services to a broader audience. Through DogmaSoft's platform, we can extend our services to their extensive customer base, making insurance more straightforward and beneficial for everyone."

Licensed as a Direct Insurance Broker under the IBR 2002 by the IRDA, the Square Insurance has garnered accolades for its user-friendly online platform that facilitates seamless policy issuance and renewals. With a digital policy locker feature, customers can securely store and access all their insurance documents from anywhere, ensuring convenience and ease of use.

The startup's dedication to bridging the gap between customer needs and offerings has led to the integration of state-of-the-art technologies. Advanced algorithms and data analytics enable personalized insurance solutions, creating tailored experiences for individual and corporate clients alike. Square Insurance’s digital platform assists the financial advisors in understanding their customers' needs and helps in offering suitable insurance solutions. The tech enables advisors to match each customer with a tailored suite of products, eliminating the cumbersome paperwork.

DogmaSoft, with its 3.5 lakh franchises and centers located in Tier II & III in the country, brings an excellent opportunity for Square Insurance to extend its insurance products and services. Through this partnership, Square Insurance will now have the platform to offer its diverse product portfolio, including Bike Insurance, Health Insurance, Life Insurance, Car Insurance, Property Insurance, Travel Insurance, and Marine Insurance, to a wider audience, tailored as per each customer's unique preferences.

Rakesh Kumar further added, “"We recognized the challenge customers faced in navigating insurance complexities and finding suitable coverage. To tackle this, we developed a personalized insurance platform using algorithms and data analytics for tailored recommendations. We empowered insurance advisors with digital tools and training to offer timely advice and seamless online buying. Our strength lies in simplifying insurance and empowering Point of Sales Persons (POSPs) through a digital-first approach, providing comprehensive information and hassle-free onboarding.”

The tie-up of Square Insurance and DogmaSoft is a significant step towards tapping the untapped insurance market in India and expanding their reach PAN India. With Square Insurance's expertise in using technology and DogmaSoft's substantial client base, the partnership aims to revolutionize insurance services, setting new standards in customer experience and satisfaction.