Insurance Platforms Online Going to Disrupt Insurance Industry in 2022; Here's How
3 years ago

Insurance Platforms Online Going to Disrupt Insurance Industry in 2022; Here's How

News 18  

The COVID-19 pandemic played a momentous role in pushing digitisation across the insurance sector. A major investment in digital transformation across insurance operating models and customer experience enhancement through digital and remote channels can be expected in the coming year 2022. The Role of Technology in Disrupting the Insurance Industry Meeting customer demands is going to be the utmost priority of insurance providers in the year 2022, especially when technological advancements are on a rapid rise. According to a recent survey data from Goldman Sachs Asset Management, about 60 per cent of the worldwide insurance companies reportedly invest in or evaluate investment in insurtech startups. The year 2022 can be expected to be the year of technological advancements being embraced as the business models, new insurance platforms to completely go online, etc.

India Data Companies 2022 Customer Insurance Companies Technological Advancements Insurance Industry Platforms Online  data  heres  disrupt  sector  advancements  insurance  industry  companies  technology  customer  platforms  online  technological  going  2022

History of this topic

2024 in Review: The future of life insurance – trends to watch for 2025
1 week, 3 days ago

2024 in Review: The future of life insurance – trends to watch for 2025

Live Mint  

The year 2024 has been transformative for India’s life insurance sector, marked by regulatory advancements, evolving customer needs, and innovative product developments. Customer-centric Innovations powering product evolution Post-pandemic customer preferences have reshaped life insurance products. Trends Shaping 2025 Several key trends are expected to shape the life insurance sector in 2025: Rising demand for long-term savings products amid market volatility. …

The best proxy to potentially profit from India’s health insurance boom
2 weeks, 2 days ago

The best proxy to potentially profit from India’s health insurance boom

Live Mint  

Narratives play a crucial role in the stock market, often influencing investor sentiment and stock prices. 76.3% of claims were settled by TPAs ​​in FY22 View Full Image Source: Medi Assist Red Herring Prospectus TPAs oversee more than 60% of group insurance policies in India. View Full Image Source: Medi Assist Red Herring Prospectus Overall, from FY18-22, premiums managed by …

Are we prepared for digital accidents?
4 months, 2 weeks ago

Are we prepared for digital accidents?

New Indian Express  

A Microsoft glitch triggered by an update from its security partner Crowdstrike recently brought down computer systems around the world. While we noticed airports and banks going down, many big and small businesses were impacted and incurred substantial losses. The only conspiracy I can think of is an attempt to sell some new cybersecurity product by occasionally creating an alarming …

2023 Insurtech Industry Outlook: What does the upcoming year hold?
2 years ago

2023 Insurtech Industry Outlook: What does the upcoming year hold?

Live Mint  

With the increasing adoption of technology across all sectors, insurance companies are leaving no stone unturned to join the bandwagon. The integration of these technologies will result in improved claim processing, personalized insurance services, highly reliable data storage and transmission, increased automation, better operational efficiencies, effective customer services, and increased customer loyalty. For an industry that deals with huge volumes …

TMS Ep112: Economic recovery, Kabeer Biswas, markets, telematics
2 years, 10 months ago

TMS Ep112: Economic recovery, Kabeer Biswas, markets, telematics

Business Standard  

Restaurants are again teeming with diners, airports with fliers and markets with life. In an interview with Business Standard’s Surajeet Das Gupta, leading quick commerce player Dunzo’s CEO Kabeer Biswas tells about his latest funding round in which Reliance Industries picked up 25.8% stake in the firm. Biswas also shares his long-term expansion plan.After Dunzo, let us move on to …

Policyongo.com by Unilight Insurance Broker, India’s Insurance Marketplace
2 years, 11 months ago

Policyongo.com by Unilight Insurance Broker, India’s Insurance Marketplace

Hindustan Times  

Unilight Insurance Broker, a fast-evolving brokerage house has made its mark as a leading insurance and reinsurance broker, announces its foray into the digital insurance distribution arena with the launch of ‘Policyongo.com’. Policyongo.com founders Biswajeet Mohanty and Khushal Jhaveri have envisioned this platform to be a gamechanger for India’s insurance industry. Mohanty who is an industry veteran with over 28 …

Re-designing from the customer up: how to transform insurance with digital technology
3 years, 1 month ago

Re-designing from the customer up: how to transform insurance with digital technology

The Independent  

Business Reporter: Re-designing from the customer up: how to transform insurance with digital technology Insurance is being transformed through new digital technologies, with customers as well as insurance companies benefitting. Ross Sinclair, CEO and Founder of EIP Ltd, believes that insurtech can deliver a customer experience that is simple, efficient, dependable and hassle-free while at the same time driving higher …

Discover Related