Greetings, and welcome to our newest newsletter edition, brimming with educative articles and valuable industry perspectives. In this edition, there are articles about travel insurance, maternity insurance, and a short article on motor underwriting and claims, to name a few. Most importantly, the edition features our latest initiative, Cashless Everywhere. Hope you enjoy going through this informative edition.
Tapan Singhel MD & CEO
Bajaj Allianz General Insurance Company Ltd.
Chairman, GI Council
Welcome to the 10th Edition of our online newsletter The GI Council has facilitated cashless treatments with the ‘Cashless Everywhere’ initiative on a pan India basis recently. Kindly visit our website to get regular updates on such projects & more. The new year has begun & some festivals like Lohri, and Sankranti have ended and other celebrations like Mahashivratri , Holi , Gudi Padwa will be upon us soon.
Wishing you all ,the best of the festivities!Inderjeet Singh
Secretary General
General Insurance Council
Vasudha Rao
Pratibha Sarathy
Sharad Taware
Prerna Ramnani
Premium ‘Score Board’ January 2024
Aviation insurance has a growth rate of 21.57 % higher than motor and health. Standalone health insurers have a higher growth rate of 26.94% compared to the growth of the total health premium at 20.79%. Motor continues to do well, driven by a growth rate of 13.98%. The premium has grown by 13.13 % over that of premium collection of previous year.
In the fast-evolving landscape of the insurance industry, integrating technology is not just a trend—it's a necessity. The digital revolution has significantly reshaped the insurance sector, creating a demand for professionals with advanced technological skills. As we stand at the crossroads of innovation and tradition, it's imperative to understand the technology skills that will define our future roles in insurance.
As digitisation and cutting-edge tech tools reshape industries and sectors, in 2024, survival and prosperity for insurers and marketers hinge on staying ahead of the curve. As we enter the new year, let's explore game-changing marketing trends revolutionising how insurance businesses engage with their audiences.
Top brass structure of PSU insurance firms set for major revamp.
A revamp is happening with the selection process and interviews for filling up the nine posts of executive directors (EDs) in place of general managers and directors (GMDs) at the top levels of the public sector insurance companies.
https://www.gicouncil.in/
Disclaimer : Our newsletter endeavors to compile insurance information from various sources in the public domain. In respect of 3rd party articles/news items etc. reproduced, the GI Council accepts no responsibility for the accuracy/authenticity and completeness nor can be seen as endorsing the views/opinions expressed therein.