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Protection Gap: Rising life insurance demands from Urban India, says Max Life Study
-Max Life's India’s Protection Quotient (IPQ) reveals that 3 in 4...
The Agent Advantage: Fulfilling Financial Goals
Sameer Joshi, Chief Agency Officer, Bajaj Allianz Life Insurance In...
Mind the Gap: Insuring India’s Missing Middle
Alpesh Shah, Managing Director & Senior Partner, Boston Consulting Group, Swayamjit Mishra, Partner, BCG, Aarav Shah, student, Bombay Scottish School As India, with current under-penetration and scale as the most populous nation in the world, begins its journey to...
Wealth Management: Digitally empowering relationship managers key to growth of business, Accenture
“With growing investable wealth in India, banks and wealth management firms have a huge opportunity for growth. It is imperative that they digitally empower their relationship managers using generative AI and intelligent automation so they can significantly step up...
Intangible Risks: 80% of global listed companies’ $ 76 trilion digital assets value remains uninsured, says Swiss Re
South Korea came out on top of the Swiss Re's Insurance Digitalisation Index, followed by Sweden, Finland and the US. While advanced markets with strong physical infrastructure and high internet access rates have made most progress in digitalising their economies,...
Cyber insurance: Indian market set to witness exponential growth, Deloitte’s report
Indian cyber insurance market is valued at USD 50-60 million, maintaining a steady 27-30 per cent compound annual growth rate (CAGR) in the past three years Anand Venkatraman, Partner, Risk Advisory, Deloitte India, said, "Despite the current market fluctuations and...
Offshore wind industry: Economic pressures and tech innovation need to be managed
Around 380GW of offshore capacity is expected to be added across 32 markets over the next 10 years, according to the Global Wind Energy Council, with half of that growth expected to come from the Asia Pacific region. Developers and their insurers need to manage a...
AI regulations: Key considerations to ensure customer protection without compromising innovation
Despite the benefits AI offers to both customers and insurers, however, there are concerns around privacy and the risk of potential discrimination, as well as the lag between the pace of development of AI technologies and corresponding regulatory frameworks, cautioned...
Protection Gap: a meager 6% of Indian insureds have sufficient insurance coverage, SBI Life Study
``It's a matter of great concern that 80% of consumers acknowledge insurance's pivotal role in financial security, yet a staggering 94% remain inadequately covered. This stark contrast between perception and reality drives our mission's urgency,''Mahesh Kumar Sharma,...
Health Insurance: 68% of Indians have health cover under Rs10 Lakh, ACKO Health Insurance Index
“Understanding the customer's mindset regarding their health insurance needs is crucial. It is important to know how they evaluate their options and what gaps they want their insurers to fill. The ACKO Health Insurance Index has identified these gaps when it comes to...
Food security: Climate change is helping pests and diseases to destroy crops
Already, plant diseases cost the global economy over $220 billion every year, and invasive insects at least $70 billion, according to the UN’s Food and Agriculture Organization. Pests adapt easily to the changing climate, with warmer temperatures allowing them to...
India Retirement Index: Urban India sees a significant upward movement
Prashant Tripathy, managing director & CEO, Max Life said, “This edition shows progress in India’s retirement preparedness, which also signals the country’s stronger economic resilience. Today's working population will be tomorrow's large, retired population. And...