India InsurTech Association's 4th Annual Event Spotlights AI as the Future of Indian Insurance Media Partner: The Insurance Times

The India InsurTech Association (IIA) successfully hosted its flagship gathering, the 4th IIA Annual Event, themed AI in Insurance, on October 30, 2025, at the Fairmont in Mumbai.

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The event brought together over 1000 industry leaders for a day focused on deep-dive sessions, workshops, live demos, roundtables, and networking, featuring insights from a distinguished lineup of 70+ speakers from across the insurance ecosystem.

Setting the Stage

The event opened with a Keynote Address by Shri K.

Rajaraman, Chairperson, International Financial Services Centres Authority (IFSCA), on Regulatory Innovation: Enabling a Future-ready financial services Ecosystem, and a Special Address by Shri Abhishek Singh, CEO of the IndiaAl Mission, on India •fs path forward in AI and India •fs opportunity for leading globally for AI in Insurance.

Key insights emerged from two major report launches:

• The IIA-BCG Report revealed AI represents an over 300 Crore annual profit opportunity. It also highlighted the industry's shift from AI pilots to scaling, with only 7% of insurers having implemented AI across their enterprise so far.