Introduction The insurance industry is undergoing a profound transformation. Traditionally driven by actuarial science, underwriting discipline, and claims management, the sector is now being reshaped by risk complexity, digitalisation, and…
Artificial intelligence is no longer a future possibility—it is the operational reality for enterprises today. For India—a nation of engineers, entrepreneurs, and a fast-growing digital consumer class—the promise is compelling:…
Life Insurance Corporation of India (LIC) has launched two new digital applications—‘myLIC’ and ‘Super Sales Saathi’—aimed at enhancing customer engagement and empowering its distribution network. According to the report, the…
Swiss Re has appointed a senior executive from BlackRock to lead its artificial intelligence (AI) transformation initiatives, signalling a strong push towards technology-driven innovation in the reinsurance sector. According to…
Insurance companies worldwide are increasingly aligning their artificial intelligence (AI) investments with measurable business outcomes and operational scalability, reflecting a shift from experimentation to value-driven implementation. According to the report,…
US launches $20 bn reinsurance plan to secure oil shipments The US International Development Finance Corporation has announced a $20 billion maritime reinsurance programme to stabilise shipping through the Strait…
IRDAI pushes insurers to cut costs, improve affordability The Insurance Regulatory and Development Authority of India (IRDAI) has urged insurers to reduce customer acquisition costs and expenses of management (EoM)…
IRDAI clears Allianz Jio Reinsurance, Kiwi General Insurance The Insurance Regulatory and Development Authority of India has approved two new insurance entities—Allianz Jio Reinsurance Limited and Kiwi General Insurance Limited—to…
Global insurer Allianz has highlighted how the combination of artificial intelligence (AI) and human expertise is transforming the insurance sector, improving efficiency, decision-making, and customer experience. According to the report,…
Infosys has announced the acquisition of Stratus, a move aimed at enhancing its capabilities in the insurance technology space and expanding its presence in the global insurance services market. The…