End Date: 09-07-2019 09:00 AM IST
The Indian Insurance industry is facing unprecedented change - the impact of disruptive new entrants, InsureTech, Blockchain, Big Data, AI, IoT, AR and changing consumer preferences are challenging the traditional concepts of what it takes to design, build and deliver a good and successful insurance product. As a result, the insurance industry not only feels pressured to innovation and development in the product line but also must streamline business processes to make the cost of doing business more efficient and in-line with these regulations.
The “4th Annual Insurance India Summit & Awards 2019” with the theme “Integrating Technology & Big Data to Enhance Distribution Channel, Marketing Strategy & Customer Experience” is being organized to create a platform to the decision makers and industry stakeholders, to accelerate the process and ensure successful transition to digital workflows to embrace to create more automated and user-friendly processes. Since insurance is a capital-intensive business, upping the FDI gives foreign players an opportunity to invest in India’s insurance market and grow their business here through digital initiatives and channel development. The coming year will assume a significant position in the history of the Indian insurance industry.