The Work Index by Flexa

Riskcovry

Riskcovry is an Indian insurtech company that provides a digital insurance distribution platform for businesses of all sizes.

https://riskcovry.com/
5.9

/10

Transparency ranking

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Description

Riskcovry is a leading Insurtech company based in India, specializing in building a robust and comprehensive insurance distribution platform. Their mission is to "enable insurance anywhere" by simplifying and digitizing the process of distributing insurance products. Their platform offers a full-stack solution, integrating with over 40 insurers and 130+ insurance products across Life, Health, and General insurance categories. Their modular platform allows for customizable insurance solutions, tailored to meet the specific needs of businesses, brokers, and individuals, enabling faster go-to-market speeds and enhanced customer experiences.

Riskcovry focuses on empowering partners across various industries through its API-led approach and customizable modules. Their solutions cater to diverse business models, including retail insurance, group insurance, credit-linked insurance, and sachet insurance. They pride themselves on their user-friendly interface, no-code configuration options, and robust analytics dashboards. Riskcovry has been recognized for its innovative approach to insurance distribution, winning awards like the National Start-Up Award (Fintech-Insurance category) in 2021 and being named a Top 21 APAC Winner in 2019. They are committed to driving efficiency and innovation within the Indian insurance industry.

Flexibility

Riskcovry offers a flexible work environment with a focus on employee well-being. While specific details about remote work policies or flexible schedules are not explicitly stated, they mention a trust-first, merit-oriented culture, suggesting a degree of autonomy and flexibility in how employees manage their work. The company also provides benefits like an employee stock ownership plan (ESOP), comprehensive health insurance, and in-house counselling, demonstrating their commitment to creating a supportive and accommodating workplace.

Hybrid

Benefits

Riskcovry offers a comprehensive benefits package designed to support and reward its employees. These include an Employee Stock Ownership Plan (ESOP), which allows employees to share in the company's success. They also provide top-tier Family Health Insurance, covering parents and in-laws, ensuring the well-being of employees and their families. Additionally, Riskcovry offers standard benefits such as Gratuity and PF, and provides an in-house counsellor for employee well-being. To foster a positive work environment, Riskcovry hosts regular team-building events, highlighting the importance of teamwork and employee engagement.

Enhanced parental leave

Mission

Riskcovry is an insurtech company that aims to revolutionize insurance distribution by providing a unified, digital platform for insurers and businesses to offer insurance products seamlessly. Their mission is to make insurance accessible and easy to obtain for everyone, regardless of their business size or technical expertise, by simplifying the process of insurance distribution and bringing the power and scale of the insurance universe to the fingertips of their partners.

Automation
Data-driven
Disruptor
Soonicorn

Culture

Riskcovry promotes a culture of innovation, collaboration, and rapid iteration. They prioritize customer needs above all else and foster a team-oriented environment where speed and action are valued. Their core values encourage critical thinking, ownership, and results-driven performance, while offering benefits like ESOPs, comprehensive health insurance, and team events to cultivate a fulfilling and rewarding work experience.

Agile and dynamic
Collaborative
Engaging
Entrepreneurial
Fast-paced
Meritocratic
People-first
Progressive
Supportive
Transparent

DE&I

Riskcovry is committed to building a diverse and inclusive workplace where all employees feel valued, respected, and empowered to contribute their best. They believe that a diverse workforce leads to greater innovation, creativity, and problem-solving, and they actively seek to attract and retain talent from a wide range of backgrounds. This commitment is reflected in their core values, which emphasize diversity, equity, and inclusion, as well as their various initiatives to foster a culture of respect and belonging.

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