IRDAI chief asks insurance players to underwrite disruptions to improve market penetration

IRDAI Chairman Debasish Panda stressed the need for insurers to adapt to disruptions and aim for 'insurance for all' by 2047. Speaking at a global actuaries conference, Panda highlighted the importance of actuaries in navigating industry changes. With India's vast digital footprint, he emphasized leveraging data for personalized experiences. Panda noted the impact of emerging technologies like blockchain and AI in streamlining processes and enhancing fraud detection. Adapting to these disruptions is crucial for insurers to thrive in the evolving landscape.
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