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AI in Insurance: GenAI tools driving over 30% productivity gains, industry leaders getting results, BCG Report

AI in Insurance: GenAI tools driving over 30% productivity gains, industry leaders getting results, BCG Report

by AIP Online Bureau | Apr 11, 2025 | Indian News, Technology

Pallavi Malani, India Leader – Insurance Practice, BCG said, “Generative AI is reshaping the insurance industry. From underwriting and claims automation to customer service and AI enabled agency channel – we expect AI to structurally change the industry....

‘Rising temperature may increase probability of default in 30% of agri loan portfolio by 2030’

by AIP Online Bureau | Feb 23, 2025 | Data, Disaster & Management, Eco/Invest/Demography

Almost half of the credit of scheduled commercial banks is significantly dependent on nature and its ecosystem so any natural calamity impacts their bottomline. By 2030, as per estimates, 42 per cent India’s districts are projected to experience temperature rise...
Indian mobility market to grow 2x to surpass USD 600 bn by 2030: Google-BCG report

Indian mobility market to grow 2x to surpass USD 600 bn by 2030: Google-BCG report

by AIP Online Bureau | Feb 2, 2025 | Data, Eco/Invest/Demography, Non-Life, Technology

According to the Think Mobility Report, emerging revenue pools such as electric, shared, and connected mobility are poised to contribute USD 100 billion to the total market by 2030 while a majority of the revenue will come from classic revenue pools comprising classic...
Indian Insurtech sector attracted $ 2.5 bn funding, more investment to flow: Report

Indian Insurtech sector attracted $ 2.5 bn funding, more investment to flow: Report

by AIP Online Bureau | Nov 20, 2024 | Eco/Invest/Demography, Indian News, Life, Non-Life, Technology

(Lto R) Vivek Mandhata, managing director & partner, Boston Consulting Group (BCG) and Arvind Virmani, member, NITI Aayog releasing a report on Indian Insurtech Sector on Wednesday in Mumbai According to report, released by Arvind Virmani, member, NITI Aayog at...
Disruptive moves: Indian Insurers must modernize core platforms to meet competition and evolving customer expectations

Disruptive moves: Indian Insurers must modernize core platforms to meet competition and evolving customer expectations

by AIP Online Bureau | Aug 20, 2024 | Articles, Eco/Invest/Demography, Life, Non-Life, Technology

Swayamjit Mishra, Managing Director & Partner, Leads Technology in Insurance for BCG India, said, “The obvious & disruptive moves by insurers have been made, now winners will take the more difficult and bold step of attacking the core. The aim with the core is...
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