Digital Innovation Is a Puzzle for Life Insurers

| December 5, 2019

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Innovation is in the air. Imaginative digital technologies have been plugged into existing Life and Health insurance processes and products in multiple markets, injecting new life into customer engagement, risk assessment and claims management. Except they haven’t. Not yet. Despite the clever digital ideas being built by enthusiastic startups, evidence of their adoption remains scant, with few insurers prepared to take a risk.

Spotlight

General Insurance Corporation of India (GIC Re)

With more than three decades of experience in the re-insurance business, GIC of India, the Indian Reinsurer caters to the reinsurance needs of the country and also underwrites risks globally. GIC’s support to the Indian market comes in the form of obligatory cessions, company surplus treaties, market surplus treaties, Excess of Loss (XOL) protection to direct writing companies and facultative acceptances. GIC Re is spreading its wings to emerge as an effective reinsurance solutions partner in the world market and is an active partner in many agriculture reinsurance programmed of several insurance companies in SACRC countries, South East Asia, Middle East, Africa and Latin America.

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Spotlight

General Insurance Corporation of India (GIC Re)

With more than three decades of experience in the re-insurance business, GIC of India, the Indian Reinsurer caters to the reinsurance needs of the country and also underwrites risks globally. GIC’s support to the Indian market comes in the form of obligatory cessions, company surplus treaties, market surplus treaties, Excess of Loss (XOL) protection to direct writing companies and facultative acceptances. GIC Re is spreading its wings to emerge as an effective reinsurance solutions partner in the world market and is an active partner in many agriculture reinsurance programmed of several insurance companies in SACRC countries, South East Asia, Middle East, Africa and Latin America.

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