NICO may raise its stake in the future, mainly through the open market, but cannot exceed 9.9% without approval from Tokio Marine’s board.
Amazon Pay extends its vehicle insurance services to reach 280 million vehicle owners in India and improves garage network for cashless claims.
Current CEO Robbie Smith will take on the position of executive chairman, with CFO Matt James replacing him as chief executive.
The platform will be supported by Hudson Insurance Group, an Odyssey Group company, which will provide its paper.
