Wednesday, July 24, 2024
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Outlook India
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Insurance

Asia's digital revolution includes a silent innovation – embedded insurance, seamlessly integrating protection into daily products and services, with a projected $270 billion valuation by 2030

The collaborations aim to provide simple, affordable, and supportive financial products for underserved communities

Insurtech firms in India are adopting cutting-edge technologies like AI and ML to combat insurance fraud. However, they face unique challenges in a diverse linguistic environment and the quest for high-quality data

Alwrite offers an all-in-one quote procurement and placement, underwriting, and user management, along with knowledge and risk management solutions

Mitsubishi UFJ Financial Group, Inc, BNP Paribas Cardif through its Insurtech fund managed by Eurazeo and Beams Fintech Fund join the cap table

Cyber Insurance is powered by BOXX and Bajaj Allianz General Insurance at a monthly premium of Rs 199

It is a digital platform, to provide lending, investments, protection, and payments at the tap of an app

The survey finds that only 25 per cent of companies (out of Plum’s 3500+ customer base) have parental covers

It settled 5.2 lakhs motor claims in paperless mode and around 66 lakhs customer interaction occurred through its easy DIY platform

Swiggy delivery partners receive insurance coverage, including accidental medical coverage, maternity leave and income support during accident recovery