Insurance Industry

With over 100 million Gen Z consumers in India, this demographic holds a significant sway over the country’s consumer landscape. As trailblazers of societal change, Gen Z’s dreams, ambitions, and values shape the very fabric of our society, challenging traditional norms and reshaping the future.

It is safe to assume that voice assistants could revolutionise the insurance space in India by making customer interactions more efficient and personalised.

As of 2019, India's urban population stood at just over 470 million, approximately 34.47% of the total population. In contrast, more than 65% of the population resides in semi-urban and rural areas, where access to digital services is significantly lower compared to major cities. - Pradhan Mantri Jan Dhan Yojana.

As predicted by the Swiss Re Institute, by 2028 we should anticipate a significant growth in total insurance premiums, with an estimated increase of 7.1% in real terms.

We all need a friend who listens to our grievances and helps us fight our battles. In the complex insurance world, grievances often go unheard, leaving policyholders feeling frustrated and helpless. Fortunately, the Insurance Ombudsman is here to serve as that trusted friend, guiding you through the intricate landscape of insurance and mediating disputes with insurance companies.The role of the...

In the fiscal year 2022, the Indian government earmarked around 860 billion Indian rupees for the Ministry of Health and Family Welfare in the Union Budget. Meanwhile, the health technology sector in India witnessed significant private equity and venture capital investments totalling nearly 1,740 million U.S. dollars in 2021.

According to the World Health Organisation (WHO), the percentage of the global population aged 60 and above is expected to almost double, rising from 12% to 22% from 2015 to 2050.

Reinsurance plays a crucial role in India's insurance industry, aiding insurers in effectively managing risks and ensuring their long-term sustainability.

The untapped potential of Tier 2 customers presents a golden opportunity for the insurance industry in India. With the right strategies in place, Tier 2 and Tier 3 customers can emerge as a key driver of future success for the Indian insurance industry.