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.
India boasts a diverse and expansive education landscape, with many schooling options available, including private schools, international schools, and specialised educational institutions.
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.
The climate risk landscape is changing and companies as well as their insurers are being held accountable for their investments and their liabilities. Since the initial global report, climate change cases have more than doubled, surging from 884 in 2017 to 2,180 in 2022.
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.
Artificial Intelligence's popularity has skyrocketed in recent months, so much so people have increasingly adopted AI usage in their daily lives. Currently, the global AI market is worth $150.2 billion and is projected to grow 36.8% by 2030 at CAGR.The insurance industry is not so far behind in jumping on the AI bandwagon. As Artificial Intelligence (AI) slowly integrates into various aspe...