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Over the years, insurance companies in India have been more focused on traditional ways of distribution and operations which are paper-based and require face-to-face contact with customers in order to conduct business. In 2020, when the world was hit by a pandemic and face-to-face interactions were not possible, digital transformations were put on the fast track. Both manufacturers & distr...

As technology continues to revolutionise industries, the insurance sector is no exception. The digital age has brought about a shift in customer expectations and behaviour, forcing insurance companies to re-evaluate their business models and adapt to changing market dynamics. The need for digital transformation has become more urgent than ever, with companies looking to modernise their operatio...

From self-driving cars to ChatGPT, Artificial Intelligence seems to be omnipresent. It makes machines intelligent and more functional. Even though many industries are embracing AI to automate their processes, the insurance sector is yet to warm up to it. However, with the arrival of InsurTechs AI is slowly becoming infused into the digital landscape of insurance companies.Let’s first explore ...

In today's rapidly evolving digital landscape, the insurance industry is undergoing a transformative shift through the integration of technology, known as Insurtech. These solutions have not only revolutionised the way insurance products and services are delivered but also play a significant role in enhancing financial literacy among consumers. By leveraging technology, Insurtech platforms...

2023 promises to be a transformative year for the insurance industry and for good reason. The post-pandemic era has put the insurance industry on the precipice of great change and on the right track to fulfilling IRDAI’s mission - ‘Insurance for all by 2047’. As of FY22, the Indian insurance market clocked $131 billion and is expected to reach $200 billion by 2027, according to industry e...

Planning a trip but not sure whether to opt for travel insurance? Travelling is fun and relaxing but it comes with its share of expenses as well. No traveller wants to spend more money due to unforeseen flight cancellations or lost baggage or medical emergencies. With travel insurance, you will be reimbursed in case you cancel your flight for reasons that are part of your coverage, such as flight delay, lost luggage or a natural disaster. Smart financial planning covers unforeseen risks and that's one solid reason to opt for travel insurance.

Business insurance helps to protect companies from financial harm and workplace hazards that could happen in the business. Every potential danger that your company can encounter is covered by insurance. The costs and coverage options offered by insurance companies vary. You should talk to your insurance broker or agent about the types of insurance products that are available, as per your speci...

The Insurance Industry is currently undergoing a rapid digital transition. Insurers now have access to a larger variety of information due to the digital transformation of this sector. Insurance businesses can effectively use this data with the use of data science to increase sales and improve their product offerings.Data science can help insurers do a lot of things, including creating personal...

In today's world, education has become more important than ever, and pursuing higher studies often requires financial assistance. Fortunately, several Edtech companies have emerged in recent years, offering education loans to students. These companies understand the financial challenges faced by students and provide them with convenient loan options to support their educational aspirations...