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  "documentTitle": "Fairfax Financial Holdings Ltd. (FFH)",
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      "text": "Digit has built little of its own software, and what it has developed runs on Allianz's open-source platform, Allianz Business Services.",
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      "text": "Even if we were to give Digit the benefit of the doubt and say it's truly \"Insuretech\", many similar businesses haven't performed well since Digit's last fundraising round in June 2021. We believe that, like its peers, Digit was able to take advantage of Silicon Valley's lack of discipline in 2021 (Sequoia invested at a $3.5 billion valuation). Unfortunately for Digit, due to the Indian regulatory process, it was unable to list while the market was still hot. This will likely lead to a down round IPO.",
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      "text": "However, as a former employee of Digit disclosed on a call with our researchers, the company has no \"better mousetrap\": Digit has built little of its own software, and what it has developed runs on Allianz's open-source platform, Allianz Business Services. On another call, we learned that much of Digit's business is still processed through agents.",
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      "text": "Go Digit (\"Digit\"), an insurance company in India, presents itself in its public messaging as an innovative, tech-driven insurance play, \"The first Indian Insuretech startup\".",
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      "text": "1 Phone interview with former Digit employee. August 9, 2023.\n2 https://in.linkedin.com/in/vpvpvp",
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