WestBridge Capital and Tata AIG's outgoing CEO, Neelesh Garg, are teaming up to launch a new AI-driven general insurance venture. The venture will focus on health and motor insurance, aiming to tap into India's large uninsured population. WestBridge will hold a majority stake, with Garg owning 10%. The new entity is expected to launch by mid-2025, pending regulatory approvals.
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