Page 1 - Insurance Times March 2021
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VOL.XXXXI - NO.03- March 2021 - ISSN-0971-4480























           How Ar ficial Intelligence is Progressing in Indian
           Insurance Industry
           Budget 2021 opened floodgates for Foreign Capital
           to accelerate growth of Insurance Industry
           FDI Limit Hike in Indian Insurance Industry:
           An Assessment
           Insurance disrup on in 2020:
           The big reset


        Technical Paper Wri ng
         Contest 2020 - Results
                                                                                                 FOUR DECADE IN PUBLICATION
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                        "India accounts for the           "The industry is seeing a         "COVID-19 has given carriers
                        highest number of road            worsening of mortality claims     an opportunity for a huge
                        accidents globally, with 1.5      among policyholders due to        reset. As black swan events
                        lakh people being killed and      Covid. The actual claims paid     become more frequent, a
                        more than 4.5 lakh being          is turning out to be higher       constant assessment and
                        disabled annually in 4.5 lakh     than what was estimated by        flexible agile responses to
                        road accidents.”                  actuaries at the time of          systemic risks are required.”
                        Nitin Gadkari                     pricing the policies. ”           Dipu KV
                        Union Minister                    R M Vishakha                      President - Operations, Communities,
                                                          MD & CEO of                       and CX at Bajaj Allianz
                                                          IndiaFirst Life Insurance
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