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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...

Business insurance helps to protect companies from financial harm and workplace hazards that could happen in the business. Every potential danger that your company can encounter is covered by insurance. The costs and coverage options offered by insurance companies vary. You should talk to your insurance broker or agent about the types of insurance products that are available, as per your speci...

In today's world, education has become more important than ever, and pursuing higher studies often requires financial assistance. Fortunately, several Edtech companies have emerged in recent years, offering education loans to students. These companies understand the financial challenges faced by students and provide them with convenient loan options to support their educational aspirations...

Education is essential in today's fast-paced world for determining one's destiny. However, students and their families frequently face a heavy financial burden as a result of the rising expense of education. This is where edtech platforms that provide education loans enter the scene, giving students pursuing higher education financial support. This article will examine three significa...

Housing Finance Companies (HFCs) play a significant role in fulfilling the housing needs of individuals and families in India. HFCs offer various types of loans, such as home loans, loans against property, and construction loans. However, HFCs face significant risk exposure due to under-coverage of loans, which can have serious financial implications. Exposure to Risk Due to Under CoverageUnder...

Market trends are affecting the biggest insurers. The next large market is becoming crystal clear and evident that youngsters and the millennials that will precede them represent the next significant market for new Insurtech. The question, "Why should I purchase insurance again?" is being rethought by young people in a subtle way thanks to a new wave of AI-driven technology decisions...