Go Digit is a digital full-stack general insurance company. It currently offers 74 products. Motor insurance is its largest segment, with an overall 6% market share.

Digital presence and aggressive pricing have propelled Go Digit to become the fourth largest private player in motor insurance, capturing a 6% market share.

Go Digit has emerged as the fastest-growing private player by gross written premium in FY23.

Go Digit was a loss-making entity until FY23. Its ROE remains in the lower single digits for FY24. Whether it can make profitable strides going forward remains to be seen.

Go Digit faces intense competition from larger private and government firms. This forces it to price its products aggressively, squeezing profit margins.

Did Go Digit increase its premium earned by 10% annually in the last three years? Yes. Between FY21 and FY23, Go Digit increased its net premiums earned by 63% annually.