A shift in the insurance landscape offers insurers a transformative opportunity to leverage technology but it also poses some challenges. Learn how InsurTech can help drive growth with embedded insurance.
Microfinance is reshaping financial inclusion in India, bridging gaps that traditional systems left behind. Read to know how technology is stepping in as a game-changer; this industry is now scaling accessibility, efficiency, and impact like never before.
Hyper-personalisation is changing how industries connect with customers, and insurance is no different. This article highlights how InsurTech solutions help insurance companies offer personalised experiences by using data and technology, adapting to evolving customer needs.
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.
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.
Affinity Insurance creates specialised coverage for groups with shared interests, characteristics, or affiliations, ensuring precision in coverage and addressing specific needs and risks.