The key to reducing the cost is moving towards the no-touch claim method also serving in reducing the fraud and allowing risk managers to better engage with customers rather than spending time behind paperwork
An association between these two complementary facets of the business ecosystem, oriented towards a common goal, could, therefore, be a win-win situation for all involved
There is a severe need to consider the expansion of the insurance domain in the rural sector, both by the insurance companies, as well as the central and state governments on a whole.
Soon people will begin to expect an insurer to access their data and to do something tailored specifically for them with it, social networks will help people with mutually aligned interests and common risk factors to form peer-to-peer insurance pools
The micro-scale operations of the NBFCs can be easily expanded and performed at a global scale if they join hands with the technology partners in the form of Fintech firms
Ruling in 19 out of India's 29 states, with this year's budget, the ruling government has made huge attempts to promote creation of more jobs opportunities
A smart move like asset allocation gives great results over a long period of time, without having to actively monitor or intervene in the investment process
Before subscribing to any company IPO, an investor should know its business in and out, using the Red Herring Prospectus, which is the primary source of information