Insurance Technology

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.

As AI and ML continue to advance, the possibilities for InsurTech innovation are limitless. From predictive analytics to autonomous underwriting and claims processing, the marriage of actuarial sciences with AI & ML promises to revolutionise every aspect of the insurance value chain.

As cyber threats evolve, cyber insurance remains vital. However, with the emergence of deepfakes, reassessing coverage is crucial.

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.

AI algorithms sift through vast amounts of data to generate insights and predictions, individuals' privacy is increasingly compromised. From facial recognition technology to personalised advertising, AI-powered systems continually collect and analyse personal information without adequate consent or transparency

As InsurTechs offer embedded and contextual solutions, find out what factors need to be weighed in before buying insurance. Understand the thumb rules of insurance planning.

India’s insurance sector is poised to grow as the fastest among G20 nations, a global study says. Learn what factors are propelling growth in the insurance sector.

Financial literacy goes together with InsurTech, enhancing the overall customer experience.