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Life industry on a roll
The life insurance industry in India, consisting of 24 companies, has seen robust growth in 2017, backed by new business models, better products, customer centric technological initiatives along with a growing trend of personal savings in India. The industry is poised for higher growth in the second half of the current financial year and private insurers are expected to lead the charge. We speak to Mr Amitabh Chaudhry, MD & CEO, HDFC Life, on some of the issues the market is grappling with and what the future holds for the industry.
Source : AIR | 01 Jan 2018
Indian Insurers: IPOs and beyond
With as many as six (re)insurers lined up with IPOs amounting to around US$7.8 billion, the journey ahead for the Indian insurance industry will be quite exciting.
Source : AIR | 01 Oct 2017
AI and machine learning bring benefits to financial services, but also risks
Financial institutions are increasingly using AI and machine learning in a range of applications across the financial system and while this brings benefits, there are also risks, said a report published by the Financial Stability Board (FSB).
Source : AIR | 01 Dec 2017
Will optimism transform into opportunities?
The recent relaxations in its financial regulations take China a step closer to an open economy. The relaxations, which touch the insurance industry too, have resulted in a lot of optimism for the foreign insurers.
Source : AIR | 01 Dec 2019
India's actuarial pioneers
K A Pandit Consultants & Actuaries is India’s oldest actuarial firm and it is celebrating its 75th Anniversary this year. The firm is today a major player in the Indian market where it operates in the life insurance, non-life insurance and employee benefits space, and is also a member of Abelica Global, a global consortium of actuaries. We speak to Mr Dharmendra K Pandit, partner, on the journey so far and the role of actuaries in today’s highly automated industry.
Source : AIR | 01 Apr 2018
Bajaj Allianz General: Human touch is still important despite digitisation
As India progresses economically and the country’s insurance penetration rises, what does the Indian customer expect from their insurers? Can technology and digitalisation be a “cure-all” solution for customers’ expectations? How to fulfil all these expectations and still be profitable? Mr Tapan Singhel, Managing Director & CEO, Bajaj Allianz General Insurance Company, shares his views on these crucial issues with Asia Insurance Review.
Source : AIR | 01 Apr 2018
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