InsurTech

If the India Brand Equity Foundation is to be believed, there are attractive opportunities in the nation’s near future.

With the demise of the one-size-fits-all approach, the insurance industry has recognised the critical importance of personalised policies. Such tailored approaches help avoid incorrectly priced policies and missed financial opportunities.

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.

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.

A luxury home requires a robust shield in the form of insurance. Learn why coverage is essential and why you should prepare for incidents including ‘Act of God’.

The rise of InsurTech in India is propelled by India’s digital transformative journey. Explore how UPI and embedded solutions catalyse a cashless economy.

The creation of a digital infrastructure framework has enabled an explosion of demand for digital financial services, particularly insurance.

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