How the Non-Life Insurance Sector Has Revolutionized in India?
20 March 2019 10:28 AM GMT
The insurance industry in India has existed for nearly a decade now but only recently it underwent the phase of liberalization and deregulation
- With new technologies rapidly emerging, consumers now want insurers to deliver superior, personalized and seamless services across all channels.
- In the global insurance space, emerging technologies are changing the business landscape.
- According to Neeraj Prakash, Managing Director, Shriram General Insurance , Insurance Awareness Program has played a crucial role in the growth of general Insurance market in the country.
- Shrikhande highlighted the role of government in pushing such schemes by stating, “New add-on attachment to existing products, a government mandate on crop insurance and increasing awareness of the need of health insurance are some more triggers for this revolution.
- We observed customer’s preference on small ticket size policy purchase via an online media such as retail health and motor policies.
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