Insurance Regulatory and Development Authority of India (IRDAI) is committed to enable insurance for all by 2047, whereby every citizen would have appropriate life, health and property covers, and every enterprise would be supported by appropriate insurance solutions. The Insurance Regulatory and Development Authority of India (IRDAI) Chairman Debasish Panda said, on February 21, that India is moving towards personalized and instant insurance, highlighting the use of modern technologies including ChatGPT, web 3.0 and public blockchain to build such offerings. This underscores the prospects for the innovations of insurtech startups.
Insurance Regulatory and Development Authority of India (IRDAI) is committed to enable insurance for all by 2047, whereby every citizen would have appropriate life, health and property covers, and every...
Insurance penetration has become one of the top-most priorities for insurers now. It is calculated as the ratio of total insurance premiums to gross domestic product in a given year....
Recently, the Insurance Regulator has issued a circular capping the acquisition and operating cost an insurance company can incur. As per the Insurance Regulatory and Development Authority of India (Expenses...
