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Digitization will help insurers to cut costs
July 20, 2020
Life coverage is now shifting to a barely nudge product from a push product, because of this greater people are enquiring approximately it
Life insurers noticed a pointy fall in premium collections in the March and June quarters due to the uncertainty because of COVID-19. The traits have given the plenty-wanted push for in addition digitizing the insurance zone.
In an interview for Mint’s Pivot and Perish collection, Tarun Chugh, dealing with director and chief executive officer, Bajaj Allianz Life Insurance Co Ltd, shared his perspectives on what has changed for the enterprise and the new normal.
In the June quarter, new enterprise top class series for life insurers fell 23.58% sequentially, and close to 19% from the 12 months-in the past.
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