Blog

Innovation is a tricky and complex terrain; social media is trickier. According to the Khoros’ 2022 Social Media Demographics Guide, 42 % of the world’s population is using social media. Wondering how social media affects insurance? For insurers, this offers an opportunity to understand the audience characteristics of specific networks that are relevant to them — this is why we need to fo...

In today’s evolving landscape of financial security and risk management, young professionals could bring about revolutionary change in the insurance industry. India has a large population of millennials and centennials, and it is important that they view insurance not as an afterthought but as a part of their financial planning. Advancements in technology are opening new opportunities for ins...

As the IRDAI prepares to unleash these momentous guidelines, the stage is set for a transformative shift in the realm of health insurance for senior citizens. The newfound hope instilled by this standard health insurance product will usher in a future where the elderly can navigate their medical journeys with greater ease, security, and peace of mind.

Planning a trip but not sure whether to opt for travel insurance? Travelling is fun and relaxing but it comes with its share of expenses as well. No traveller wants to spend more money due to unforeseen flight cancellations or lost baggage or medical emergencies. With travel insurance, you will be reimbursed in case you cancel your flight for reasons that are part of your coverage, such as flight delay, lost luggage or a natural disaster. Smart financial planning covers unforeseen risks and that's one solid reason to opt for travel insurance.

As technology continues to revolutionise industries, the insurance sector is no exception. The digital age has brought about a shift in customer expectations and behaviour, forcing insurance companies to re-evaluate their business models and adapt to changing market dynamics. The need for digital transformation has become more urgent than ever, with companies looking to modernise their operatio...

In today's rapidly evolving digital landscape, the insurance industry is undergoing a transformative shift through the integration of technology, known as Insurtech. These solutions have not only revolutionised the way insurance products and services are delivered but also play a significant role in enhancing financial literacy among consumers. By leveraging technology, Insurtech platforms...

From self-driving cars to ChatGPT, Artificial Intelligence seems to be omnipresent. It makes machines intelligent and more functional. Even though many industries are embracing AI to automate their processes, the insurance sector is yet to warm up to it. However, with the arrival of InsurTechs AI is slowly becoming infused into the digital landscape of insurance companies.Let’s first explore ...

Over the years, insurance companies in India have been more focused on traditional ways of distribution and operations which are paper-based and require face-to-face contact with customers in order to conduct business. In 2020, when the world was hit by a pandemic and face-to-face interactions were not possible, digital transformations were put on the fast track. Both manufacturers & distr...

2023 promises to be a transformative year for the insurance industry and for good reason. The post-pandemic era has put the insurance industry on the precipice of great change and on the right track to fulfilling IRDAI’s mission - ‘Insurance for all by 2047’. As of FY22, the Indian insurance market clocked $131 billion and is expected to reach $200 billion by 2027, according to industry e...