Insurers use machine learning to predict premiums and losses for their policies . Detecting risks early in the process enables insurers to make better use of underwriters’ time and gives them a huge competitive advantage.
Read moreWhat is future insurance?
Future Insurance is available from your financial adviser. Unlike off-the-shelf products, this one is designed around what you need and want . Your adviser is best placed to help you build your customised cover.
Read moreWhat is the future of life insurance in India?
The life insurance industry is expected to increase at a CAGR of 5.3% between 2019 and 2023 . India’s insurance penetration was pegged at 4.2% in FY21, with life insurance penetration at 3.2% and non-life insurance penetration at 1.0%. In terms of insurance density, India’s overall density stood at US$ 78 in FY21.
Read moreWhat are the emerging trends in insurance?
AI, Automation & Faster Claims Processing AI, ML, and Robotic Process Automation (RPA) will soon take the center stage. These technologies offer better, faster and efficient data capture and processing capabilities.
Read more