As the world shifts online, digitalization is taking centre stage and the insurance sector is right there in the mix. Thanks to InsurTech, Indian insurers are teaming up with various industries to turbocharge their digital distribution. Read this blog to know how it's transforming the game.
Learn how InsurTech can support insurance companies in India and accelerate the industry’s journey to become the fastest-growing among the G20 nations.
Employee retention has become increasingly challenging due to remote work and the globalising job market. This blog covers how a group health insurance policy can help businesses attract and retain top talent, improve employee satisfaction, and reduce churn.
AI in insurance is transforming the industry. InsurTech companies in India are leveraging AI to take insurance underwriting and claims management to the next level. This article dives deeper into the challenges that AI is helping solve in insurance underwriting and claims management.
73% of customers prefer fulfilling their insurance needs online and the online insurance market is set to grow from $1.86 billion in 2024 to $3.31 billion by 2029. But how can insurers stay ahead in this digital race? Read to know more.
Gen Alpha is the first generation of true digital natives, with a deep reliance on mobile technology and short attention spans. As they grow up, their expectations for seamless, mobile-first insurance solutions will drive insurers to innovate with personalized, flexible, and tech-savvy offerings. To connect with this emerging cohort, insurers must embrace digital platforms, leverage gamified content, and co-create products that resonate with Gen Alpha's unique needs and preferences.
Personalisation in insurance is transforming the industry, allowing insurers to create tailored policies using advanced data analytics. By understanding individual customer needs, insurers can offer customised solutions that enhance satisfaction and drive innovation. This approach is reshaping the future of insurance, making it more responsive and customer-centric.
Despite digitisation and a massive market, the insurance industry faces several challenges in India. Here’s a look at the key challenges insurance companies face in India and how InsurTech solutions providers are helping insurers navigate these.