Page 51 - Insurance Times February 2024
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                               16th ISDSI Global Conference 2023


                                      26th to 28th December-2023, Ranchi.


         Reimagining  Globalisation:  The  Power  of  Digital  Prof. Pratik Priyadarshi presented a paper on "Transforming
         Interconnection in a Deglobalizing World" was the theme  the Insurance Industry: Exploring Emerging Technologies for
         of the ISDSI Golbal-2023 Conference, which took place at  Insurance" on December 27, 2023.
         IIM Ranchi. This conference took place on December 26-
         29, 2023.
         There were in all 18 papers in the offline and online mode.
         A first of its kind by an IIM for Insurance.


















                                                              Prof. Manoj K. Pandey also presented a paper on " Assessing
                                                              the viability & Implementation of parametric Insurance as
                                                              a tool to mitigate pandemic related risks for manufacturing
                                                              MSMES"
         Prof. (Dr.) Abhijit K. Chattoraj chaired the Track on Insurance-
         Digital Implications on Health Insurance-Challenges &  It was a well-received conference, with almost 600 papers
         Opportunities.                                       being presented, both offline and online.
             Insurers to opt for ‘cashless’ treatment in hospitals everywhere

           General and health insurance companies have decided to opt for ‘cashless’ treatment under health insurance policies
           across the country. Under the ‘Cashless Everywhere’ system, the policyholder can get treated in any hospital they
           choose, and a cashless facility will be available even if such a hospital is not in the network of the insurance company.
           This means the policyholder can get admitted to a hospital without paying any money and insurance companies will
           pay the bill on the discharge day.
           The General Insurance Council, in consultation with all the general and health insurance companies, is launching the
           initiative. The cashless facility is currently available only at hospitals where the respective insurance company has an
           agreement or tie-ups. If the policyholder chooses a hospital without such an agreement, the cashless facility is not
           offered now, and the customer has to go for a reimbursement claim, further delaying the claim process.
           Tapan Singhel, MD and CEO of Bajaj Allianz General Insurance, and Chairman of the General Insurance Council, said,
           “today if you see only about 63% of customers opt for cashless claims while the others have to apply for reimbursement
           claims as they might be admitted to hospitals that are outside their Insurer/TPA network.”

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