A New Era for Insurance The insurance industry is undergoing a major transformation. Traditionally focused on “repair and replace”, insurers are now adopting a “predict and prevent” model — thanks to rapid advancements in technology. With tools like AI, IoT devices, predictive analytics, and telematics, insurance is no longer just about compensation after damage. It’s […]
Tag: Insurance
Honda Launches Insurance Solutions to Enhance Customer Experience.
In a move aimed at elevating customer convenience and strengthening brand loyalty, Honda has officially entered the insurance market, launching Honda and Acura Insurance solutions tailored specifically for its vehicle owners. The program is designed to deliver a more seamless, brand-aligned ownership experience by integrating insurance offerings directly into the vehicle purchase and ownership journey. […]
Visit Health and IIA Release Landmark Report on OPD Insurance in India.
A Game-Changer for India’s Healthcare Insurance Sector Visit Health, in collaboration with the India InsurTech Association (IIA), has released a groundbreaking report titled “The Changing Landscape of OPD Insurance in India.” This in-depth study shines a light on how Outpatient Department (OPD) insurance is evolving and why it holds the key to the future of […]
UK Government Defends National Insurance Exemption in India Trade Deal.
The UK government is defending a key clause in the draft UK-India trade agreement that would exempt Indian workers temporarily based in the UK from paying National Insurance contributions. This move, part of ongoing efforts to finalize a free trade deal with India, has stirred both political debate and public interest. What’s the Exemption About? […]
How AI is Transforming Insurance Underwriting
The insurance industry is undergoing a quiet revolution as artificial intelligence reshapes underwriting—evaluating risk and pricing policies. From faster approvals to more personalized premiums, AI is making insurance smarter, but not without controversy. How AI is Changing Underwriting 1. Hyper-Personalized Risk Assessment AI analyzes thousands of data points beyond traditional factors (like age or driving history), including: Example: Auto […]
“Vile, Insensitive”: PolicyBazaar’s Term Life Insurance Ad Faces Backlash.
PolicyBazaar, a leading online insurance aggregator, is facing intense criticism over its latest term life insurance advertisement. The ad, which was intended to promote the importance of financial security, has been labeled as “vile” and “insensitive” by many viewers. The controversy has sparked discussions on ethical advertising and the responsibility of brands when addressing sensitive […]
Chatbots in Insurance: Automating Claims Processing.
The insurance industry has long been associated with extensive paperwork, lengthy processing times, and complex claim procedures. However, artificial intelligence (AI) and automation advancements have revolutionized the sector, with chatbots emerging as a game-changer in claims processing. Insurers are increasingly leveraging AI-powered chatbots to streamline operations, enhance customer experience, and improve efficiency. The Role of […]
How Blockchain Enhances Transparency in Insurance
IntroductionBlockchain technology is revolutionizing industries, and insurance is no exception. Its ability to improve transparency and trust is reshaping how insurers and customers interact. What is Blockchain in Insurance?Blockchain is a decentralized ledger that records transactions securely and transparently. In insurance, it ensures data accuracy, eliminates fraud, and speeds up processes. Every action is logged, […]
How AI is Revolutionizing Insurance Underwriting.
The insurance industry is undergoing a seismic shift, thanks to the transformative power of artificial intelligence (AI). Traditionally reliant on manual processes and vast amounts of paperwork, insurance underwriting is now being streamlined and enhanced by AI-driven technologies. This revolution is improving efficiency, reducing costs, and enhancing customer experiences. What is Insurance Underwriting? Underwriting is […]
