Rubique, an online marketplace for finance sector has announced the appointment of Pradeep Dubey as Head for its Insurance Vertical. The appointment is envisioned to leverage Pradeep's expertise in financial services to strengthen Rubique's product portfolio under its insurance vertical. With insurance being a fit to Rubique's profile, Pradeep will be building the insurance operations and business keeping technology as the core. Rubique's proprietary matchmaking algorithm will be used to predict the right insurance product for the customer, said a statement.
Rubique offers insurance plans and choices such as, Health Insurance, Travel Insurance, Motor Insurance, Two-Wheeler Insurance, Term Insurance, Property & Home Insurance, Critical Illness & Accident covers, SME Insurance and Life Insurance to name a few. It has also partnered with several large insurance companies who have a similar technology such as Bajaj Alliance, HDFC Life, TATA AIG General to include their offerings under its portfolio. Rubique has completed 10 + integrations so far, said company.
“Pradeep's expertise in insurance will prove valuable to Rubique as we continue our journey of making greater inroads across India with our tech-based model for financial products. Pradeep will spearhead the vertical to build the insurance portfolio on the existing customer base of over 1 lac using artificial intelligence and machine learning as well as expand through our growing network across different cities & offer personalised insurance solutions. I am confident that his insights will offer excellent guidance for Rubique as we work towards bringing more efficiency in the insurance eco-system as well, establishing ourselves as one of the few fintech players changing the landscape of the Indian financial services space.”, notes Manav Jeet, Managing Director and CEO, Rubique.
Pradeep had a long association with the Bajaj Allianz Group. He held a number of roles in the company's life insurance business since 2007, heading the latter's broking vertical in Bancassurance, Broking, NBFCs departments, with the objective of creating successful, profitable and sustainable business models under the Broking channel. Prior to this he has also worked under multiple roles with major banking partners like ICICI Bank, HDFC Bank, Yes bank and various PSUs.
Rubique claimed that it has processed over 100,000 applications, disbursed US$345 million worth of loans and signed up about 65,000 cards across 80+ financial institutions. Rubique's business has seen a fourfold increase year-on-year and it plans to increase its footprint from 27 to 100 cities by 2019.