Digital Transformation - The Game Changer in Indian Insurance Sector

Abstract

Information technology has graduated from playing a supportive role to becoming a strategic game changer disrupting established paradigms, notions and players. It is time to take stock of the current wave of technological revolution that is powered by newer technologies such as artificial intelligence, big data, et al. This article takes a look at the various aspects of InsurTech, the technologies driving transformation and their specific applications, the risks and concerns, regulatory involvement, and the role of professionals in this hi-tech environment.