InsurTech

Learn how InsurTech can support insurance companies in India and accelerate the industry’s journey to become the fastest-growing among the G20 nations.

Insurance fraud costs the industry a staggering ₹900 crores annually, driving up premiums and compromising trust. Fraudsters are getting more sophisticated, making it harder for insurers to detect and prevent fraudulent activities. From staged accidents to identity theft, the types of insurance fraud are as varied as they are damaging. But with the rise of InsurTech, there’s a powerful ally in the fight against fraud.

Big Data is transforming the insurance industry by powering predictive analytics. This shift enables insurers to assess risks more accurately, detect fraud, and create hyper-personalized policies. InsurTech solutions are key to navigating challenges such as data quality, security, and scalability, ensuring that insurers can effectively harness the power of data to stay competitive and innovative in a rapidly evolving market.

Insurance companies in India have a limited presence in remote areas. MFIs can open new avenues to serve them better, with low investment. This article digs deeper into this pivotal role played by MFIs, supported by InsurTech solutions.

How is InsurTech revolutionizing customer experience in the insurance industry? From instant claims settlements to personalized services, the digital age is reshaping expectations. Are you ready to discover the 8 ways technology is bridging the gap between traditional practices and modern demands? Dive into our latest blog to find out!

India's insurance market is racing towards becoming the sixth-largest globally by 2034. Anticipated to hit $222 billion by 2026, the industry is buzzing with innovations like AI-driven personalized policies, digital solutions, and self-service facilities. Strategic InsurTech partnerships are revolutionizing the landscape, making insurance smarter, faster, and more accessible.

InsurTech is proving to be a game-changer for insurance companies in India. Here’s what you need to know to leverage the power of this innovation.

The Union Budget 2024 emphasised capital expenditure, talent development, R&D, infrastructure development, and capital investment, which play a key role in India’s sustainable growth.

The 5G network is going to be a whole lot faster.The era of hyperconnectivity is upon us and the 5G network rollout has ignited a digital revolution across industries, including insurance. The post-COVID world has grown accustomed to faster turnouts and convenience, which means under 10-minute deliveries, on-call consultations and unprecedented access to everything. For it, a consumer requires ...