Industry Talk

As predicted by the Swiss Re Institute, by 2028 we should anticipate a significant growth in total insurance premiums, with an estimated increase of 7.1% in real terms.

Study released by the International Labour Organisation (ILO) said that by 2030, India would lose 5.8 percent of its working hours to heat stress

The untapped potential of Tier 2 customers presents a golden opportunity for the insurance industry in India. With the right strategies in place, Tier 2 and Tier 3 customers can emerge as a key driver of future success for the Indian insurance industry.

Phygital isn't just a trend; it's the future of insurance. By embracing a customer-centric approach that leverages technology without neglecting the human element, insurers can unlock a world of possibilities, fostering trust, loyalty, and sustainable growth in a post-pandemic world.

Telematics stands as a potent instrument that brings advantages to individuals, insurers, and society at large by enhancing road safety and improving traffic flow.

Gender reveal parties have taken a dangerous turn as expectant parents have adopted outlandish ways to unveil the gender of their yet-to-be-born baby resulting in accidents, fatality, property and environmental damage.

InsurTechs are set to play a pivotal role in Bangladesh's bancassurance landscape, offering a synergy that propels the insurance sector forward. In this dynamic arena, collaboration emerges as the linchpin for progress, with InsurTechs acting as indispensable tech allies to traditional insurance carriers and banks.

Bangladesh boasts a robust banking system but suffers from a meagre insurance penetration rate of around 0.4% (compared to India's 4%) [Swiss Re Institute, 2022]. This translates to a vast, untapped market for insurance products.

The impact of customer experience on financial and organisational outcomes is profound, particularly for insurance companies, where people and trust serve as the cornerstone of their identity.