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In the fiscal year 2022, the Indian government earmarked around 860 billion Indian rupees for the Ministry of Health and Family Welfare in the Union Budget. Meanwhile, the health technology sector in India witnessed significant private equity and venture capital investments totalling nearly 1,740 million U.S. dollars in 2021.

According to the World Health Organisation (WHO), the percentage of the global population aged 60 and above is expected to almost double, rising from 12% to 22% from 2015 to 2050.

Reinsurance plays a crucial role in India's insurance industry, aiding insurers in effectively managing risks and ensuring their long-term sustainability.

The untapped potential of Tier 2 customers presents a golden opportunity for the insurance industry in India. With the right strategies in place, Tier 2 and Tier 3 customers can emerge as a key driver of future success for the Indian insurance industry.

E-insurance represents a transformative force in the Indian insurance market, reshaping the industry's landscape and opening doors to new possibilities.

Phygital isn't just a trend; it's the future of insurance. By embracing a customer-centric approach that leverages technology without neglecting the human element, insurers can unlock a world of possibilities, fostering trust, loyalty, and sustainable growth in a post-pandemic world.

Telematics stands as a potent instrument that brings advantages to individuals, insurers, and society at large by enhancing road safety and improving traffic flow.

As AI and ML continue to advance, the possibilities for InsurTech innovation are limitless. From predictive analytics to autonomous underwriting and claims processing, the marriage of actuarial sciences with AI & ML promises to revolutionise every aspect of the insurance value chain.

Gender reveal parties have taken a dangerous turn as expectant parents have adopted outlandish ways to unveil the gender of their yet-to-be-born baby resulting in accidents, fatality, property and environmental damage.