Page 28 - Insurance Times April 2020

traditional ways of operations, the insurance industry needs https://automationedge.com/industry/rpa-for-insurance/
to embrace the same sooner than later. The insurance sector https://www.hcltech.com/technology-qa/how-can-technology-
can only improve efficiency & accuracy, accelerate decision assist-and-streamline-insurance-claims-management
making,optimize productivity, lower costs, reduce frauds, https://www.sae.org/standards/content/j3016_201609/
enhance the customer experience by adopting smarter https://www.techrepublic.com/article/autonomous-driving-
technologies such as artificial intelligence, machine learning, levels-0-to-5-understanding-the-differences/
IoT, blockchain, data analytics etc. The organizations who
fail to adopt smarter solutions well in timewill eventually lose https://www.scalefocus.com/insights/business/insurance-
to new market entrants. With all of the technological industry-trends-2018-2020/
innovations and trends which have been emerging in recent https://www.businesswire.com/news/home/20190312005672/
times, 2020 will be a very interesting year to watch for the en/Global-Cyber-Security-Insurance-Market-Growth-Trends
insurance sector. https://novarica.com/emerging-technology-in-insurance/
http://ficci.in/spdocument/20883/BCG-
Reference FICCI%20Insurance%20Report%20-%20Final%20-
https://www.pwc.in/assets/pdfs/consulting/financial-services/ %20for%20Distribution.pdf
competing-in-a-new-age-of-insurance.pdf https://www.robosoftin.com/blog/automation-changing-
https://www.ey.com/en_gl/insurance/redefining-insurance- insurance-industry
industry-using-digital
https://www.pwc.com/gx/en/insurance/pdf/insurance-2020- Ans. of March 2020 Insurance Quiz contest
turning-change-into-opportunity.pdf
https://economictimes.indiatimes.com/tech/internet/internet- 1) Bajaj Allianz
users-in-india-to-reach-627-million-in-2019-report/articleshow/ 2) Dentsu X
68288868.cms 3) Google Cloud
https://economictimes.indiatimes.com/tech/internet/internet- 4) Green Delta Insurance
users-in-india-to-rise-by-40-smartphones-to-double-by-2023-
mckinsey/articleshow/69040395.cms 5) Sunita Rath
https://www.mckinsey.com/industries/financial-services/our- 6) Acko General Insurance
insights/friends-or-foes-the-rise-of-european-aggregators-and- 7) GIC Re
their-impact-on-traditional-insurers

Insurance Quiz

Q1. Which company is providing travel insurance cover for pandemic diseases in 220 countries
Q2. According to fire policy condition the cover ceases to exist if property remains unoccupied for ____ days

Q3. Which company has launched COvid Cover for service professionals

Q4. Machine learning is capable of not only improving claims processing but also ____________it.
Q5. Last date of Technical paper competition has been extended upto

Q6. Which company is offering free auto insurance for 1 month

The answers of the quiz are from this issue itself. Just go through our journal and you will find the answers. Send your
answers by Email to insurance.kolkata@gmail.com and you can get a chance to win an attractive gift. The gift will be
offered to the person giving all the correct answers. If we receive more than one entry with all correct answers the name
of winner will be drawn from lottery. The last date of receipt of entry is 30th May, 2020.

So Hurry and Submit your entry at the earliest !!!!

28 The Insurance Times, April 2020