Universal Sompo is a Joint venture of Indian Bank, Indian Overseas Bank, Karnataka Bank, Dabur Investments, and Sompo Japan Insurance Inc. The company’s paid-up capital is Rs 368.18 Cr; Shareholders’ Net worth is over Rs. 1,129 Cr ; Gross Written Premium Rs. 3,487 Cr ; Assets Under Management (AUM) Rs. 3,741 Cr; Solvency at 1.92 times. The company is headquartered in Mumbai and has 117 offices countrywide with representation through its digitally enabled employees. It has a strong distribution network of Agents, Point of salespersons, Bank Branches, Automobile Dealers, Brokers, Common Service Centres, and Digital Platforms. The company offers 205 IRDAI-approved products and 1494 Add-on covers, ranging from Motor, Accident & Health, Home for Individuals, Shopkeepers Package, Crop and other non-life packages for SMEs, Fire, Marine, Engineering, Employee’s Benefit, Project Insurance, Liability, and other special products for Corporates. Microinsurance covers the Rural segment. The company maintains its Claims settlement ratio at 98.27% and has robust technology architecture to serve its customers nationwide.
SaaS Adoption
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Cloud Adoption
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IT Footprint
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IT Spend
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Enlyft tracks the use of over 15,000 technologies and has proprietary data on over 18 million companies worldwide.
Universal Sompo General Insurance Co. Ltd. uses 5 different technologies from 37 different vendors. They have above average use of several technologies including Salesforce.com CRM, PL/SQL and Konica Minolta.
Universal Sompo General Insurance Co. Ltd. uses products from 31 different product categories. They are particularly heavy users of products in Software Frameworks, Email Communications Technologies, and Networking Hardware.
Enlyft tracks the use of over 15,000 technologies and has proprietary data on over 18 million companies worldwide.
Technology | Category | Vendor | Usage |
---|---|---|---|
Vodafone Global Connectivity | Unified Communications | Vodafone | |
Voxify | Contact Center Management | [24]7 | |
SuccessFactors | Enterprise HR Management | SAP | |
Solaris | Operating Systems | Oracle | |
SAP R/3 | Enterprise Resource Planning (ERP) | SAP |
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