The insurer’s premium income declined in Q1, but higher investment returns and growth in overseas operations drove a 33.7% increase in net operating profit.
The deal forms part of Prudential's broader India strategy, alongside its health insurance venture and minority holdings in ICICI Prudential businesses.
Regional insurers have proved AI can improve existing processes, but the technology's full promise lies in the harder work of making it core to how they operate.
Group says it aims to build a larger, technology-driven life insurer focused on profitability, operational efficiency and ageing-related insurance demand.
The insurer's new global data centre head will oversee the development of integrated underwriting, risk engineering and claims solutions for the sector.
The platform offers pre-agreed underwriting and claims frameworks and a 10% premium discount, and is open only to Aon clients in the US, Canada, the UK, Europe and Asia.
