The daughter of a taxi driver, Abhilasha Agarwal pulled herself and her family out of the financial abyss with grit and perseverance. Abhilasha had the front seat to the harsh realities of life. Today, as the CEO of a technology-driven logistics shipping enterprise, Abhilasha Agarwal harnesses the insights gained from her early experiences as her father's travel companion to navigate the intricacies of corporate challenges.Â
There is a famous saying, ‘Sea is a cruel mistress’. It is fickle and unforgiving, seemingly more so for a shipping company like hers. The risks were huge and so were the damages. According to the data from Allianz, the number of large ships lost in 2022 decreased to 38, down from 59 in 2021. Abhilasha realised the need for a safety net, stirring the need to search for solid Marine Insurance to protect her from losses. She reached out to her network and got to know about InsurTech players providing innovative solution - Marine Insurance - customised for her requirement and could be easily embedded into her customer purchase cycle, safeguarding her customers from uncertainties and risk. During the fiscal year 2023, Indian insurers recorded gross direct premiums exceeding 50 billion Indian rupees in the Marine Insurance segment.
About the product:
Marine Insurance: Marine insurance is an coverage against physical loss or damage of ships, cargo, terminals, and any transport by which a consignment is sent or received via sea route between the points of origin and the final destination. These help in protecting against loss, legal requirements, risk management. It also facilitates international trade as well as encourages investment. This mode of insurance is a must for people involved in marine businesses.
Note: Abhilasha Agarwal's is a story inspired by true events and any resemblance to anyone dead or alive is a sheer coincidence.
