Insurance Trends

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

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.

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.

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.

Phygital isn't just a trend; it's the future of insurance. By embracing a customer-centric approach that leverages technology without neglecting the human element, insurers can unlock a world of possibilities, fostering trust, loyalty, and sustainable growth in a post-pandemic world.

InsurTechs are set to play a pivotal role in Bangladesh's bancassurance landscape, offering a synergy that propels the insurance sector forward. In this dynamic arena, collaboration emerges as the linchpin for progress, with InsurTechs acting as indispensable tech allies to traditional insurance carriers and banks.

As InsurTechs offer embedded and contextual solutions, find out what factors need to be weighed in before buying insurance. Understand the thumb rules of insurance planning.

Explore and find out how underwriting impacts your insurance cover and what the procedure entails in assessing risk.

Delve into key trends and developments that define the future of insurance in India, highlighting real-world examples that resonate with consumers.