Rising medical inflation and ageing populations are forcing life and health insurers to shift from product distribution to life-stage design and value generation.
Executives at ITC Asia said insurers should make data collection a visible value exchange while simplifying disclosure, reducing friction and improving customer experience.
AI progress in insurance is being slowed less by the technology itself than by legacy systems, unresolved accountability questions and procurement cycles that can't keep pace, executives warned
Despite low penetration and high out-of-pocket healthcare costs, India’s insurance market is poised for sustained double-digit growth across life, non-life and health segments, says Allianz.
