HOW HAS YOUR COMPANY BEEN PERFORMING OVER 2022? ELABORATE.
It was an important year for our company and the entire industry. We had just emerged from a Black Swan event with significant financial implications for all insurance companies. Nobody knew whether to expect another Covid wave. Nobody knew how Covid had shifted customer expectations and customer behaviour. So, it was a year when we were prepared for the worst, hoped for the best, and organised the team to be super agile and responsive to external signals.
For us, the strategy and preparedness worked out quite well. For the last few years, we have worked on a digital-only product, digital distribution, and a 100% digital zero-touch underwriting process. Finally, after many proofs of concepts and experimentations throughout the pandemic years, we launched the first set of products in 2022. It marks a first for the industry, and with all probability, this is the direction the rest of the industry will take. The performance exceeded all our expectations, and 2023 and 2024 will be years of the exponential scale of this approach.
HOW ARE YOU KEEPING UP WITH THE EVER-INCREASING DEMANDS FOR DIGITAL TRANSFORMATION?
Diese Geschichte stammt aus der February 2023-Ausgabe von DataQuest.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der February 2023-Ausgabe von DataQuest.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Navigating Chaos: Ensuring Trust in Digital Communication
Amid Escalating Fraud Risks, CPaaS Tools Emerge as Crucial Allies. SMS, Despite Vulnerabilities, Retains Vital Role in Real-Time Alerts within a Turbulent Digital Landscape
Multimodal AI for Media and Entertainment: Transforming Creativity and Engagement
Multimodal AI sets new standards in personalization and interactivity within the digital media landscape.
Transforming Your Flying Experience with AI
Are you still flying the old way? Check out AIonOS, and see how it's going to transform your regular flying experience.
IoT Security Best Practices
With increasing integration of IT and OT systems, organizations must develop a comprehensive IoT network strategy to safeguard themselves
Edge Computing Elevating Telecom's Realm Beyond loT
Edge computing heralds a new era in telecommunications, propelling the industry toward unprecedented levels of efficiency, reliability, and innovation. And, the rapid integration of Internet of Things (IoT) devices in telecom industry is reshaping industries. Yet, the surge in IoT adoption brings forth a pressing challenge: the imperative for low-latency processing. Enter edge computing, a pivotal solution offering the infrastructure necessary to power real-time applications and elevate the performance of telecom networks.
Time for Good Voodoo Dolls! Time for Digital Twins!
Why waste resources, material, experts, downtime and effort in actual machines, processes or systems? Why not use some digital Juju?
IoT Devices and Zombie Mushrooms - It's Time
They are small, they are out there everywhere, they are supposed to help the tree trunk. But what if the tiny creatures we celebrate as IoT sensors and devices are hijacked by a mind-control fungus? Let's remove the 'if'. Here's why
Forward and Onward
Jigar Mehta, Managing Director, Onward Tech in conversation with Minu Sirsalewala, Executive Editor, Dataquest, elucidates why Onward Technologies has placed its bets on a pure-export business strategy, the no-IP stance and on that big chunk of huge R&D contracts of global companies that are waiting to be tapped. And how being a young company is helping with advantages and challenges unique to that stage. Global Vision, Local Talent: Onward Technologies' Strategic Pivot to International Markets\"
Building Enterprise Trust: Essential for Indian Businesses in the Digital Era
As Indian businesses navigate a rapidly evolving landscape, the importance of building and maintaining enterprise trust has never been more critical. In this piece, we explore why trust is paramount, the factors eroding it, and actionable steps organizations can take to foster trust, leveraging data and analytics for greater transparency and accountability.
Decoding Retail Stock Broking: Angel One's Data-Driven Success Story
Exploring the dynamic retail stock broking sphere, Angel One Limited, under the leadership of Chief Technology Officer (CTO) Jyotiswarup Raiturkar, thrives within a vast market domain. With the industry witnessing rapid expansion driven by technological innovations, Angel One's strategic prowess has secured a prominent position within this flourishing market. He discusses how Angel One's innovative approach has not only reshaped its operational framework but also cemented its presence within the expanding retail stock broking market.
