Reinsurer Swiss RE reported to acquire stakes in Paytm’s Insurance business.

Paytm multinational technology company specialized in digital payment system, e-commerce and finance started its Insurance journey back in 2015.

Paytm got its Composite Insurance brokers license from IRDAI in 2020 and in same year 4 months later announced acquisition of Raheja QBE General Insurance Company. Swiss RE as a global Insurance and Reinsurance expert aims to provide expertise which Paytm lacks presently.

Source:

https://www.google.com/amp/s/inc42.com/buzz/insurance-giant-swiss-re-may-join-ipo-bound-paytms-board-with-100-mn-infusion/amp/

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