NEW
YORK, June 24, 2024 /PRNewswire/ -- INSILLION, a
leading Insurtech SaaS platform, has announced a significant
partnership that will transform the way travel insurance is
delivered. Royal Sundaram General Insurance (RSGI), a prominent
Property & Casualty insurer based in India, has integrated with the Indian Railway
Catering and Tourism Corporation (IRCTC) to enable embedded Group
Personal Accident (GPA) policies to be offered alongside e-ticket
purchases through INSILLION's API platform.
IRCTC is a public sector enterprise under the Ministry of
Railways in India and operates one
of the largest travel websites in the Asia-Pacific region. It has over 12 million
unique visitors per month, making it one of India's most visited websites. In a notable
achievement, during a high-traffic day, RSGI has issued 640,000
policies covering over 1.4 million passengers, with a peak hourly
rate of 30 policies per second during the Tatkal rush period.
To meet the stringent requirements of a highly scalable
solution, RSGI partnered with INSILLION to rapidly launch an
embedded insurance offering leveraging their API platform and cloud
architecture.
Sai Lakshmidar, Chief Product Officer at INSILLION, highlighted
the technical complexity, stating, "To deliver a seamless user
experience, the underlying technology architecture must be robust.
Scaling to meet extreme demand was the crucial challenge that
required rethinking our entire approach. Enabling this integration
with RSGI was an invaluable learning experience in optimising for
high-availability through Amazon Web Services Cloud to embed
fixed-benefit products."
Dheepak Rajoo, Chief Information Officer at RSGI, summed it up
perfectly. He said, "Our collaboration with INSILLION allowed us to
successfully implement a highly scalable solution with minimal
investment, empowering us to capitalise on the embedded insurance
opportunity through the IRCTC portal."
About INSILLION
INSILLION is a market-leading provider of insurance sales and
underwriting technology solutions across India, the MENA region and APAC, and is now
expanding into North America. With
over two decades of industry experience, more than 40 global
insurance carriers have chosen INSILLION to modernise, transform
and scale their operations. INSILLION empowers carriers and MGAs
with a cloud-based, low-code/no-code platform driven by APIs,
enabling the rapid creation and distribution of insurance
products.
For more information, please visit:
https://us.insillion.com/
CONTACT:
Jose Rajan
joserajan@insillion.com
+91 89395 49342
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SOURCE INSILLION