Industry Talk

73% of customers prefer fulfilling their insurance needs online and the online insurance market is set to grow from $1.86 billion in 2024 to $3.31 billion by 2029. But how can insurers stay ahead in this digital race? Read to know more.

Gen Alpha is the first generation of true digital natives, with a deep reliance on mobile technology and short attention spans. As they grow up, their expectations for seamless, mobile-first insurance solutions will drive insurers to innovate with personalized, flexible, and tech-savvy offerings. To connect with this emerging cohort, insurers must embrace digital platforms, leverage gamified content, and co-create products that resonate with Gen Alpha's unique needs and preferences.

Personalisation in insurance is transforming the industry, allowing insurers to create tailored policies using advanced data analytics. By understanding individual customer needs, insurers can offer customised solutions that enhance satisfaction and drive innovation. This approach is reshaping the future of insurance, making it more responsive and customer-centric.

Despite digitisation and a massive market, the insurance industry faces several challenges in India. Here’s a look at the key challenges insurance companies face in India and how InsurTech solutions providers are helping insurers navigate these.

Advances in technology are driving innovation for insurance companies in India. This article highlights how InsurTech companies in India can help beat the competition.

Insurance companies in India have a limited presence in remote areas. MFIs can open new avenues to serve them better, with low investment. This article digs deeper into this pivotal role played by MFIs, supported by InsurTech solutions.

Despite the glory, sports careers are fraught with risks, especially injuries, highlighting the necessity of sports insurance or athlete insurance. The reason is that various sports insurance policies cover medical expenses, income loss, and equipment protection, ensuring athletes can focus on their performance. The Rajasthan government’s new sports policy also provides significant health insurance benefits for athletes.

InsurTech is proving to be a game-changer for insurance companies in India. Here’s what you need to know to leverage the power of this innovation.

The Union Budget 2024 emphasised capital expenditure, talent development, R&D, infrastructure development, and capital investment, which play a key role in India’s sustainable growth.